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.
Negative Breakout: These 11 stocks cross below their 200 DMAs
In the Nifty 500 pack, the closing prices of 20 stocks fell below their 200-day moving averages on February 13, according to StockEdge.com’s technical scan