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NIFTY 50·22,888.95−1.11%SENSEX·73,852.90−1.17%BANK NIFTY·55,488.10−0.64%RELIANCE·1,202.00−0.76%HDFC BANK·712.00−2.31%ICICI BANK·1,381.00−1.15%BHARTI AIRTEL·1,875.20−1.56%INFOSYS·1,130.70−2.63%L&T·3,661.90+0.96%TCS·2,460.90−0.17%ITC·260.80−1.02%SBI·973.70+1.15%AXIS BANK·1,236.00−4.19%NIFTY 50·22,888.95−1.11%SENSEX·73,852.90−1.17%BANK NIFTY·55,488.10−0.64%RELIANCE·1,202.00−0.76%HDFC BANK·712.00−2.31%ICICI BANK·1,381.00−1.15%BHARTI AIRTEL·1,875.20−1.56%INFOSYS·1,130.70−2.63%L&T·3,661.90+0.96%TCS·2,460.90−0.17%ITC·260.80−1.02%SBI·973.70+1.15%AXIS BANK·1,236.00−4.19%

Nifty

Nifty Makes History After 12 Sessions Without Crossing Prior High

2 months ago · Lumic

Nifty 50 index chart showing a sideways trend, indicating a lack of new highs over 12 trading sessions.
Lumic
2 months ago
Nifty Makes History After 12 Sessions Without Crossing Prior High
KEY POINTS
Nifty has failed to close above the previous day's high for 12 straight trading sessions
Repeated rejection at higher levels signal weak buying and limited upside in Nifty
A sustained move above key resistance is needed before the index can signal trend reversal
LUMIC INSIGHT
Wait for Nifty to break resistance before investing
Business Standard·2 months ago

In a significant development for the Indian stock market, the Nifty 50 has now completed 12 consecutive trading sessions without surpassing its prior high. This repeated rejection at higher levels, as interpreted by Lumic's fin shorts analysis, suggests weak buying interest and limited upside potential in the Nifty today. Investors are watching closely for any Nifty trend reversal, with a sustained move above the key Nifty resistance level being crucial. This current market momentum indicates that cautiousness prevails. For those considering their Nifty trading strategy, Lumic's interpretation advises waiting for a clear break above resistance before making investment decisions. Stay updated on Nifty 50 analysis and the broader Stock market India outlook with Lumic.

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