Nifty is below its 20 & 50 DEMA, 22,334 and 22,224 respectively and it will act as resistance in its upward bounce while on the downside the 100 EMA is at 21,821. This also points to a broader range of 500 points from the current price of 22055, as we prepare for a directional move.
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