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...

The ongoing momentum lifted the Nifty 50 above the psychological 25,000 mark on a closing basis, with the index rising 70 points on August 20 and extending its uptrend for the fifth straight session ahead of the weekly F&O expiry. Technical indicators signal a bullish bias, with short-term moving averages turning upward. According to experts, if the index sustains above 25,000—the immediate supp...