Technical View | Nifty breaks 200 DEMA amid caution ahead of Fed meet
2023-04-18 06:59:57
The Nifty50 extended its southward journey for the second consecutive session on July 26 and formed a bearish candle on the daily charts as traders were cautious ahead of the Federal Reserve meeting The index has broken its 200-day exponential moving average (EMA - 16,520). If it fills the gap area created on July 20 (16,360-16,490) and decisively breaks 16,360 levels, then the selling may continue till 16,100-16,000,
