Share Market Investment Tips: Investors should be alert, there may be a big fall in the market, know what market experts say…

Share Market Investment Tips: There has been a continuous decline in the stock market last week and now the trend of the market has changed and it has come in a down trend. Experts believe that the market decline may continue. Nifty may search for its new support level.

On Friday, Nifty declined for the fifth consecutive session and closed at 23 thousand 587, registering a decline of 364 points. Nifty closed in the red throughout the week's trading sessions. On a weekly basis, Nifty recorded a huge fall of 4.77 percent, which is the biggest weekly fall in percentage terms after June 17, 2022.

Nifty has also broken its 200-day SMA and EMA support levels and closed with weakness. Now the only support level visible on the Nifty chart is the swing low of 23 thousand 263 made on 21 November 2024.

SBI Securities Deputy Vice President and Technical and Derivatives Research Head Analyst Sudeep Shah said that Nifty and Bank Nifty may remain weak in the coming week also. He said that the market is likely to continue to decline.

He said that 90 per cent of Nifty components are trading below their 20-day EMA, while 88 per cent are trading below their 50-day EMA, which is a sign of internal weakness in the market. These moving averages collectively point to a strong bearish trend in the index.

Nifty Levels (Share Market Investment Tips)

Sudeep Shah said that if we talk about important levels of Nifty, the resistance of Nifty has gone to the zone of 23 thousand 950-24 thousand. Unless the index crosses the level of 24 thousand and remains above it.

By then, the chances of Nifty retesting its previous swing low of 23 thousand 250 and then going below 23 thousand have increased. There is a possibility of short covering in Nifty till 24300-24,450 zone only if there is a crossover above 24 thousand zone.

Meanwhile, Nifty Bank which was showing some strength in recent times is now moving downwards in its consolidation move.