The 200-day EMA support at 23,700 has been breached again amid choppy movements, with the downside gap from December 19 remaining unfilled after seven sessions. This unfilled gap is likely a bearish run-away gap, typically signaling the midpoint of a downtrend. According to Nagaraj Shetti of HDFC Securities, this pattern suggests that further declines may be on the horizon.
F&O Talk| Nifty eyes further gains after crossing 25k mark: Is 25,600 the next target? Sudeep Shah weighs in
The Indian stock market rebounded strongly this week. Nifty 50 crossed 25,000, recovering previous losses. Operation Sindoor boosted market sentiment. Midcap and Smallcap indices also
May 17, 2025