Nifty 50 slips further below 200-DMA, raising fears of a bearish turn
New Delhi, Sept. 16 -- The Nifty 50 has fallen further below its 200-day moving average (200-DMA), as rising US bond yields and elevated crude oil prices weigh on markets, suggesting that the recent weakness is no longer just a routine correction and could be turning bearish, analysts said.
DMA is a widely tracked indicator of the market's long-term trend, with a break below it often seen as a sign of weakening investor sentiment.
A DMA is a technical indicator that calculates the average closing price of a security over a specified number of trading days to smooth out short-term price fluctuations and show the underlying market trend. A 200-DMA calculates the average closing price over the past 200 trading days and is widely used to id...
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