Key moving averages come into focus as benchmark momentum weakens

Nifty remains under pressure with the 50-day exponential moving average acting as a crucial support level, while Bank Nifty shows resilience after holding above its 20-day exponential moving average amid overall market weakness.

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6 days ago

Key moving averages come into focus as benchmark momentum weakens

Key moving averages come into focus as benchmark momentum weakens
Market technicals show continued pressure on benchmark indices as the Nifty remains below short-term resistance levels, keeping the 50-day exponential moving average in focus for trend confirmation. Analysts note that a decisive break below this support could deepen weakness. Meanwhile, Bank Nifty continues to defend its 20-day exponential moving average, indicating relative strength in banking stocks despite broader market caution.
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