The market corrected for the third consecutive session, falling 0.3 percent on August 29 and 1.8 percent for the week. Bearishness prevailed, driven by weakness in technical and momentum indicators, with the index trading below all key moving averages except the 200-day EMA. Hence, according to experts, if the index fails to defend the 24,400 zone in the upcoming session, a fall toward 24,330-24,2...

The selling pressure mounted for the second straight session, dragging the Nifty 50 below the 100-day EMA (24,630) with a nearly 1 percent loss on the monthly derivative contracts expiry on August 28. The sentiment turned more bearish with continued weakness in momentum indicators. Hence, if the correction widens further, 24,400 (upward-sloping trendline support) and 24,340 (August low) are the le...

The Nifty 50 recouped some of Friday's losses, gaining 0.4 percent on August 25. The index held above the previous day's low and key moving averages, while forming an indecision pattern. According to experts, as long as the index stays above 24,850 (support), a gradual upside toward 25,000 (immediate hurdle) is possible, followed by a move toward the 25,150–25,250 resistance zone in the upcoming...

The Nifty 50 erased recent days' gains and reversed to near Monday's low, losing 214 points on August 22 and over 290 points from the weekly high. Despite the formation of a long red candle, the index defended all short- and medium-term moving averages, as well as the midline of the Bollinger Bands. Hence, if the index rebounds, the 25,000 level is the one to watch, followed by 25,150 as a crucial...

The Nifty 50 sustained its upward journey for the sixth consecutive day, despite profit booking at higher levels, rising 33 points amid rangebound trading on August 21. The index continued to defend the 25,000 zone and traded near the upper line of the Bollinger Bands, signaling a positive trend. A consistent bullish bias helped the index move closer to 25,160 (the 61.8% Fibonacci retracement leve...