Nifty MidCap, SmallCap indices break 20-DMA support; can fall another 9%

Quick Summary:

Sustained trade below the key support levels, can trigger a fall towards the 100-DMA, which stands at 15,725 levels, with interim support seen around the 50-DMA at 16,510.

At present, the index quotes below its 20-DMA, which stands at 17,430 levels.

At present, the index quotes below its 20-DMA, which stands at 21,085 levels.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Key support Broader indices Nifty midcap index Nifty smallcap outlook Technical analysis Trading strategies Resistance levels; midcap key levels Midcap smallcap fall

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 11:15:23 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 562 words

Reading Time: 4 minutes read

Sentences: 30 lines

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Copyright Owner: © Business Standard

News ID: 21681206

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