“If we draw a trendline connecting the October 2021 high and subsequent highs, the Nifty50 is now steadily approaching the resistance zone of 17,900-18,000. This is a make or a break range for the Nifty50. If the index fails to move beyond 18,000, we could see a serious decline coming in,” said independent analyst Manish Shah.
These 10 stocks tumble more than 50% from their 52-week highs
Nearly 40 stocks in the Nifty 500 have plummeted over 50% from their 52-week highs, with names like Sterling & Wilson, Raymond Lifestyle, and OLA