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Dalal Street Week Ahead: Weak technical setup to keep bulls under pressure

Economic Times - Markets ·

Dalal Street Week Ahead: Weak technical setup to keep bulls under pressureRepresentative image · Wikimedia Commons

Dalal Street Week Ahead: Weak technical setup to keep bulls under pressure. The technical structure has deteriorated following the violation of the important 23,900–24,000 support zone. This area had provided support during the recent consolidation but will now be expected to act as resistance on any pullback. More importantly, Nifty has slipped below its 100-week moving average, currently placed at 24,401, and remains below the 50-week MA at 24,673.

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Quick Quiz

  1. 1. What is the main headline of this story?

    Dalal Street Week Ahead: Weak technical setup to keep bulls under pressure

  2. 2. Which source reported this news?

    Economic Times - Markets

  3. 3. Who or what organisation is this story mainly about?

    Dalal

  4. 4. Is any specific number or figure mentioned in this story?

    23,900

  5. 5. Why does this business story matter to the audience?

    It reflects a current development in business that people are following today: The technical structure has deteriorated following the violation of the important 23,900–24,000 support zone. This area