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.
Tata Steel Q1 updates: India production flat YoY at 5.26 million tons on plant shutdowns
Tata Steel India’s crude steel output remained flat at 5.26 million tons in Q1FY26, while deliveries fell 4% YoY due to maintenance shutdowns at Jamshedpur