The Indian stock market is in pullback mode, with the S&P BSE Sensex and the National Stock Exchange (NSE) Nifty rising 2.72 per cent and 2.84 per cent, respectively, from their recent lows.
On Monday, the Sensex ended almost flat at 80,425, while its NSE counterpart, the Nifty 50, gained 0.1 per cent to close at 24,573.
Technically, the Nifty 50 appears to have bounced back after finding support around its 50-daily moving average (DMA).
Moving averages play a crucial role in understanding stock price trends. Generally, stocks trading above key moving averages such as the 20-, 50-, 100-, and 200DMAS are considered to have a bullish outlook, while those trading below these levels may have a bearish outlook.
この記事は Business Standard の August 20, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は Business Standard の August 20, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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