Nifty Smallcap 250 index tests 50-DMA. Is there more room for downside?

The index had slipped below the 50-DMA back in November 2023, too, but recovered.

markets, stock market, brokers, brokerages, sensex, correction, nifty, shares, growth, profit, economy, gain
Web Exclusive Premium

Puneet WadhwaRex Cano New Delhi/Mumbai

Listen to This Article

It has mostly been a one-way street for smallcap stocks that have taken it on their chin thus far in February. The Nifty Smallcap 250 index has shed 3.2 per cent in the current month as compared to the 1.8 per cent decline in the Nifty Midcap 100 and the 0.5 per cent drop in the Nifty 50 index, data showed.

Technically, the index has slipped below its 20-day moving average (DMA) placed at 14,800 levels on Monday, and is currently testing the 50-DMA, and is placed at 14,278 levels. It slipped below the 50-DMA in November 2023, too, before posting

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 13 2024 | 11:47 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to