Nifty is struggling to maintain position above the crucial long-term 200-day exponential moving average (EMA), with selling pressure from heavyweight stocks limiting any significant rebound.
The dollar has achieved consecutive weekly gains for the first time in over three months, bolstered by rising Treasury yields. Anticipations of additional rate hikes
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200-day moving averages (DMA) on September 24, according to technical scan data from StockEdge.
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