The 10-period EMA around 22,200 levels has offered support for the market in the last few months, said analyst Nagaraj Shetti. The daily momentum indicator has triggered a fresh negative crossover, which is a sell signal.
Market Trading Guide: Tata Steel and Uno Minda are stock recommendations for Monday
Indian benchmark indices ended in the red on Thursday dragged by auto, IT and metal bank stocks. While Nifty closed at 22,397.20, down by 73.30