Break below 20-DMA shifts risk-reward unfavourably for Nifty: Rupak De

Technical strategist Rupak De of LKP Securities warns that a break below the 20-day moving average has weakened Nifty’s near-term structure. Rising volatility and breached supports suggest downside risk toward 25,000 unless resistance levels are reclaimed, while selective opportunities remain in defence and banking stocks.

More To Explore

Short-term yields fall on surplus liquidity

Bond yields are diverging, with short-term rates falling due to liquidity while long-term rates rise, signaling the end of the current rate-cut cycle. Institutions are