Nifty 50 Index Faces Nervous Sentiment Amidst Correction, Key Support Levels Tested
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Nifty 50 Index Faces Nervous Sentiment Amidst Correction, Key Support Levels Tested

The Indian stock market sentiment has turned nervous as the Nifty 50 index corrected below key support levels, approaching the 200-period moving average at 25,000. Immediate support is seen at the 100-period MA around 25,500. Analyst Vaishali Parekh of Prabhudas Lilladher notes significant profit booking and anticipates intensified selling pressure if the 25,500 level is breached, indicating a precarious market position.

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