![]() use cookies and other technologies to store information in your web browser or on your mobile phone, tablet, computer, or other devices (collectively "devices") that allow us to store and receive certain pieces of information whenever you use or interact with our applications and sites. ![]() How do our sites use Cookies and Other Tracking Technologies? The information provided below about cookies also applies to these other tracking technologies. This allows our sites to recognize your device from those of other users on our sites. The other tracking technologies work similarly to cookies and place small data files on your devices or monitor your website activity to enable us to collect information about how you use our sites. What are Cookies and Other Tracking Technologies?Ī cookie is a small text file that can be stored on and accessed from your device when you visit one of our sites, to the extent you agree. This cookie policy should be read together with our Privacy Policy.īy continuing to browse or use our sites, you agree that we can store and access cookies and other tracking technologies as described in this policy. This cookie policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit websites that posts a link to this Policy (collectively, “the sites”). understands that your privacy is important to you and we are committed for being transparent about the technologies we use. Check Business Breaking News Live on Zee Business Twitter and Facebook. Get Latest Business News, Stock Market Updates and Videos Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.) (Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. On the upside, 35000 is an immediate hurdle while 35700-36000 will be a critical resistance zone above this, we can expect any major short-covering rally,” highlighted Meena. “If NiftyBank slips below the 34000 mark then 33000-32500 area will be the next important demand zone. NiftyBank slipped below its 200-EMA after one year which is generally not a good sign, but experts see 34000 as a strong support for the index from where it could see a bounce back, and on the higher side 35000-36000 could act as resistance. ![]() The Nifty Bank is still trading below its crucial 200-EMA or the long term trendline placed at 35452 which essentially places the index in a downtrend. The 200-EMA is placed at 16,283 on the daily charts. The Nifty50 bounced back on Tuesday after falling over 2 per cent in the previous trading session but is still trading below 100-Days EMA placed at 17,150. Meena of Swastika Investmart Ltd said that he is bullish on economy-facing banks where SBI and ICICI Banks are our top picks in the banking space while Kotak Bank and Axis Bank are also providing favorable risk-to-reward ratio. and close out the positions when Nifty trade blow 200 EMA support on closing basis,” Gaurav Garg, Head of Research at CapitalVia Global Research, said. “For Long term perspective aggressive investors/traders can make positions on lower levels in HDFC Bank Ltd, Hindustan Unilever, Kotak Mahindra Bank, Axis Bank Ltd. Most of the large-cap companies are facing relentless selling by foreign institutional investors who have pulled out more than Rs 30,000 cr in the cash segment of the Indian equity markets so far in December – 3rd straight month of the selloff.Įxperts advice investors to create some long positions in some of the bluechip names that could turn out to be a good buy on dip candidate. Many blue-chip companies are trading below their crucial long-term moving average which essentially puts them in a downtrend. Therefore, one should look for other support levels and price action along with some understanding of fundamentals,” he said. “200-EMA alone can't help you to get the right trend because sometimes many stocks fall below their 200-EMA if there is a sharp correction in the market. “Technically, 200-EMA is a very critical support level because most institutional investors like to accumulate their favorite shares around this level therefore we see a strong bounce back in any stock around this level,” Santosh Meena, head of research, Swastika Investmart Ltd, said. Theoretically, if the price close below 200 EMA is considered a bearish trend and a price close above 200 EMA is considered a bullish trend, but investors should use other indicators as well before making a buy or a sell decision. The 200-day EMA is considered a key indicator used by traders for determining overall market trends. Exponential Moving Averages (EMA) are used as indicators for long-term trends.
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