Investor alert! Nifty cracks below key 200-week moving average for the first time since Covid
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Nifty slipped below its 200-week moving average on Tuesday, hitting 22,569.
- ✓This is the first time since the Covid crash that the index fell to this level.
- ✓Rupak De said, "This is the first time since the Covid crash that Nifty has fallen to the 200-week moving average, which is currently placed at 22,600."
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
Synopsis
Nifty slipped below its 200-week moving average near 22,600 for the first time since the Covid crash, hitting 22,569 intraday. Analysts are watching whether the index can reclaim the key support, with 22,800 acting as immediate resistance amid sustained market pressure.
Nifty slipped below its 200-week moving average on Tuesday, breaking a key long-term support level for the first time since the Covid crash and raising the risk of a deeper correction if the index fails to recover quickly. The index fell to an intraday low of 22,569, slipping below the 22,600 mark that technical analysts had flagged as a crucial support zone.
The level coincides with the 200-week moving average, a long-term trend indicator watched by traders and institutional investors. Rupak De, Senior Technical Analyst at LKP Securities, said Nifty had slipped to its 200-week moving average as the decline extended.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
The Economic Times
Read the full, original unfiltered story directly on the publisher's portal.