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Nifty Midcap index dips below 200-DMA; remain on sidelines, analysts advise

The breach of a critical level after a period of nearly 10 months reflects a shift in sentiment. The overall trend remains bearish as the index is making lower top, lower bottom on the technical chart

Topics
Nifty Midcap 100 | mid cap stocks | Buzzing stocks

Avdhut Bagkar & Puneet Wadhwa  |  Mumbai and Delhi 

Sebi probes sharp fall in the midcap stocks amid unfair trade allegations
Nifty midcap breaks key level

The Nifty Mid-cap index closed below the 200-day moving average (DMA) on Friday for the first time since April 2022 and continued to slide in trade on Monday. The index hit an intra-day low of 29,631 levels on Monday and skidded around 1.2 per cent as compared to 0.7 per cent fall in the Nifty50 index during the day.

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First Published: Mon, February 27 2023. 12:08 IST

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