Nifty Trade SetupThe market remained under pressure for seven consecutive days, falling below 23,500 and the 200-day Exponential Moving Average (DEMA) with a third of a percent loss on November 18. If the index sustains below 23,500, given the bearish sentiment and the lower highs-lower lows formation, the decline could extend to 23,200, which coincides with the 50-week EMA (Exponential Moving Ave...

More than 50 percent of stocks across key indices – Nifty50, Nifty 500, MidCap, and SmallCap -- have fallen below their 200-day moving average (DMA) amid the recent correction in Indian equities, prompting analysts to advise caution.Among these, 30 stocks are from the benchmark Nifty 50; 286 from the Nifty 500; 61 from the Nifty MidCap 100, and 58 are from the Nifty SmallCap 100 index.Analysts n...

Nifty Trade SetupThe Nifty 50 ended marginally lower after experiencing volatility and closed just below the 200-day EMA (Exponential Moving Average) at 23,542 on November 14, extending its southward journey for the sixth consecutive session. However, for the week, the index was down by 2.55 percent. Considering the bearish sentiment, if the index decisively slips below the 200-day EMA, 23,200 (wh...

Nifty Trading PlanThe Nifty 50 closed just below the 200-day EMA (Exponential Moving Average) on November 14, posting a marginal loss of one-tenth of a percent. For the week, it dropped 2.55 percent with a long bear candle and a lower tops-lower bottoms formation, signaling weakness. Therefore, the index could extend losses to the 50-week EMA at 23,200, the next downside target. However, given the...

Benchmark indices Nifty and Sensex fell further from the morning and extended their decline for the seventh trading session in a row after a sharp downturn in IT stocks dented sentiment across the market. Concerns grew over a slower pace of US interest rate cuts following retail sales and rising import prices. The market sentiment has turned cautious, shifting from a "buy the dip" approach to "sel...