After Nifty’s longest losing run in 25 years. What lies next?
After Nifty’s longest weekly losing streak in 25 years, analysts advise caution as the index trades below its 200-week moving average. The 22,600 level remains crucial, with further downside possible if Nifty fails to reclaim it decisively.
Nifty has been experiencing its longest losing streak in 25 years, causing investors to question whether the declining trend will end soon or continue further. The index has dropped below its crucial 22,600 level for the first time since the Covid crash, breaching its 200-week moving average as well. Technical analysts advise caution and reducing high long exposure until Nifty surpasses the 22,600 level. If this level remains a barrier, Nifty could potentially drop to 20,500.
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