A decisive break below the 20-day moving average has weakened the Nifty’s technical structure in the near term, shifting the risk-reward ratio downwards, says Rupak De of LKP Securities. With volatility rising and key Fibonacci support levels breached, he sees potential for further corrective moves towards 25,000 unless the index regains resistance levels quickly.Edited excerpts […]
The Indian market closed lower on Tuesday, with the Sensex and Nifty continuing the previous session’s sharp decline, as investors remained tense ahead of the Federal Reserve’s interest rate decision and continued uncertainty over a US trade deal.The S&P BSE Sensex fell 436 points, or 0.51%, to 84,666.28, while the NSE Nifty 50 fell 121 […]