Stories
Nifty at 20-Year Crossroads: 200-Week Moving Average Under Pressure
C
CNBC TV18•29-09-2026, 17:25
Nifty at 20-Year Crossroads: 200-Week Moving Average Under Pressure
- •The Nifty50 is testing its 200-week moving average around 22,600, a critical long-term trend indicator.
- •The index slipped to 22,570 before closing at 22,716.20, marking a significant test of this historical support level.
- •Previous tests in 2011, 2012, 2013, and 2016 saw the Nifty reverse higher, while 2008 and 2020 led to decisive breaks due to global crises.
- •Current pressure stems from bond market issues, rising crude prices, foreign selling, a weakening rupee, and interest rate hike expectations.
- •Market experts like Jai Bala view 22,600 as a critical level, coinciding with Elliott Wave objectives, suggesting a potential market reprieve.
Key Questions Answered
The Nifty50 is testing its 200-week moving average around the 22,600 mark.
The Nifty decisively broke below its 200-week moving average during major global shocks in 2008 and 2020.
The selloff is driven by US bond market pressure, surging crude prices, sustained foreign selling, a weakening rupee, and rate hike expectations.
