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Are the markets showing signs of fatigue? Here's what charts suggest

Over the past few sessions, the markets have been consolidating in a range. Here are the key levels you need to track for key indices

Topics
Markets Sensex Nifty | Bank Nifty markets | NiftyFMCG index

Avdhut Bagkar  |  Mumbai 

S&P BSE SENSEX: Although the sentiment stays is bullish, the index has been witnessing selling pressure above 40,000 levels. This significant level had seen a reversal in February, 2020 as well and is now acting as a resistance.

On the downside side, till the index cab defend 38,500 levels, the upside bias should stay. A “Golden Cross” of 50-days moving average (DMA) with 200-DMA indicates that the index can move up over the medium-term. CLICK HERE FOR THE CHART NIFTY50: As the index broke the lower rising trendline on the daily chart, the reversal low of 11,325 becomes the ...

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First Published: Thu, September 03 2020. 10:34 IST
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