India’s benchmark Nifty slipped below its 200-week moving average near 22,600 for the first time since the Covid-era selloff, underscoring renewed weakness in domestic equities. The index touched an intraday low of 22,569 as analysts watched whether buyers could force a recovery above the long-term support, with 22,800 now emerging as the immediate resistance zone.
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"Nifty Falls Below 200-Week Average for First Time Since Covid Crash, Signalling Deepening Market Stress"
India’s benchmark Nifty slipped below its 200-week moving average near 22,600 for the first time since the Covid-era selloff, underscoring renewed weakness in domestic equities. The index touched an intraday low of 22,569 as analysts watched whether buyers could force a recovery above the long-term support, with 22,800 now emerging as the immediate resistance zone.
Nifty Falls Below 200-Week Average for First Time Since Covid Crash, Signalling Deepening Market Stress
R
RDU Global Wire
Markets & Wealth Desk
New Delhi, India Just now (03:52 PM IST)•4 min read
India’s benchmark Nifty slipped below its 200-week moving average near 22,600 for the first time since the Covid-era selloff, underscoring renewed weakness in domestic equities. The index touched an intraday low of 22,569 as analysts watched whether buyers could force a recovery above the long-term support, with 22,800 now emerging as the immediate resistance zone.
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