Tech View: Nifty breaches 200 DEMA, signalling bearish sentiment. How to trade on Tuesday
- Posted on January 6, 2025
- By Business News Today
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Tech View: Nifty breaches 200 DEMA, signalling bearish sentiment. How to trade on Tuesday
The Nifty faced selling pressure, closing below 23,700 and breaching the 200-day EMA, signalling a bearish trend. Failure to hold current levels could see support at 23,270 and 23,000. A breakout above 24,000 is crucial to restore bullish momentum, said Mandar Bhojane of Choice Broking.
