Nifty's 200-DEMA breach gave positive returns 10 of 11 past times: Report
- Posted on November 21, 2024
- By Business News Today
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Nifty's 200-DEMA breach gave positive returns 10 of 11 past times: Report
The Nifty 50 index has recently broken below its 200-day EMA. Historically, this has been a positive signal for the market. Over the past seven years, the Nifty has shown strong returns of 3%, 5.5%, 9.3%, and 17.6% in one, three, six, and twelve months, respectively, after touching its 200-day EMA. This suggests potential upside for the market in the coming months.