Dalal Street Week Ahead: Weak technical setup to keep bulls under pressure
12 September 2026 Updated 12 September 2026Source: Economic Times 1 min read
Quick Summary
Technical indicators suggest a weaker setup, as Nifty broke the key 23,900‑24,000 support zone and is now trading below both its 100‑week and 50‑week moving averages.
Key Takeaways
- Nifty violated the important 23,900–24,000 support zone.
- The breached support zone may now act as resistance on any pullback.
- Nifty has slipped below its 100‑week moving average (24,401).
- Nifty remains below its 50‑week moving average (24,673).
Why It Matters
A breach of major support and trading below long‑term averages can keep buying pressure low, which may affect portfolio values for retail investors.
Summary, takeaways and analysis above are written by CAPITA1's AI from the source report. For educational purposes only. Not investment advice.