From Financialexpress · Oliviya Kunjumon · · 1m 20s
Nifty near 52-week lows: Key support levels
Nifty 50 near 52-week lows as 22,000 support and Brent above $104 hold markets.
In brief
Nifty 50 near 52-week lows as 22,000 support and Brent above $104 hold markets. Nifty 50 is near 52-week lows with 22,000, 22,200 as critical support; Brent above $104 raises inflation concerns. Originally reported by Financialexpress.
Nifty near 52-week lows
Nifty 50 is trading close to its 52-week lows with 22,000, 22,200 emerging as a crucial support zone.
Key support zone for Nifty
Analysts identify Nifty’s 22,200, 22,000 range as critical due to long-term support and 200-week EMA alignment.
22,000, 22,200 support test
If Nifty fails to hold 22,000, 22,200, it could face further decline with weekly RSI below 30 indicating oversold territory.
22,180 as critical level
Shrikant Chouhan notes 22,180 as a key level; a break below could push Nifty toward 21,750 amid rising crude and global yields.
Brent crude above $104
Brent crude prices above $104 raise inflation concerns and pressure on the current account as global risk aversion increases.
22,400 resistance level
Sudeep Shah sees 22,350, 22,400 as the first resistance; Nifty must hold above to ease short-term downside pressure.
Sensex support at 71,500, 71,000
Sensex is near 71,500 with 71,000 as the next critical support if selling continues.
What investors should watch
Crude oil prices, global bond yields, and foreign investor flows will influence markets until indices reclaim key resistance levels.
At a glance
Nifty 50 is near 52-week lows with 22,000, 22,200 as critical support; Brent above $104 raises inflation concerns.
