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.
Denne historien er fra August 20, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra August 20, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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