19/08/2026
has now fallen below the 50-DEMA and 10-DEMA, with the 10-DEMA placed near 24,200, indicating weakness in the short-term trend. Therefore, one should remain cautious. If NIFTY starts trading below 24,150, the weakness could extend towards 24,000.
On the upside, the 24,300–24,400 zone will act as an important resistance area. Hence, fresh long positions should be considered only on a decisive breakout above 24,400.
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