Nifty 50 will slip below 25,000 after a 5-day loss series; Analysts see further weakness

As part of continuous pressure on the part of technology, Indian actions extended their loss during the fifth of the session on Thursday, and the key indicators of the first line fell below critical levels, marking their longest bears over the past six months.

Nifty 50 violated Psychological 25,000 characters for the first time From September 12, settling at the level of 24 890, and the index has lost 533 points in the last five sessions – more than half of the profits registered after GST reforms announced on September 3.

The last sale prompted the index on the right track in a three -week lost series, and analysts see little chance of short -term recovery among the lack of fresh triggers and further sales by foreign investors.

Ajit Mishra, a senior vice president of research at Religire Braming, noted that in the absence of fresh triggering factors, persistent worse results in key sectors, combined with continuous outflows of FII, considers general market moods.

From a technical point of view, he said that Nifta’s failure below 20 demos shifts immediate support to 24,750, converging from 100 demos. He added that the conditions sold out in selected heavy weight may cause reflection, but the position is probably limited to 25 050–25 150, advising investors to monitor positions and waiting for greater transparency before taking aggressive plants.

Amruta Shinde, a technical and derivative analyst at Choice Equity Braming Private Limited, repeated the perspective of Bear, saying that the decisive violation of Nifty of 25,000 and closing below this level signals increased prejudice, with resistance currently seen about 25,000–25 050 and supports about 24,700-24 750.

Amruta also emphasized that the volatility has returned to concentration, and India VIX increased by about 2.16% to 10.75, which indicates expectations of further fluctuations.

Siddhartha Khemka, head of research, property management at Motilal Oswal Financial Services, added that the markets will probably remain under pressure in the near future, following global head wind winds, release of macroeconomic data and the development of India – USA commercial conversations.

He noted that concerns about economic growth persist among the rising global prices of goods, weakening the rupees and American tariffs, all contribute to the increased precaution of the investor.

Stocks appear as the best delayed

Market sentiment has become careful after the White House Increased fee for new H-1B visas from $ 1000 to $ 100,000By raising concerns about higher costs and potential delays in the distribution of qualified employees in the US, the United States Internal Security Department (DHS) proposed changes in the existing lottery process, which caused a sharp sale of technological operations.

Wizowe curbs have raised concerns about the potential pressure to marginalize for Indian IT companies. The changes also suppressed the mood of foreign investors who were already bears in local actions, additionally accelerating sales in IT shares. It led NIFTY IT inheritance indicator by over 5.5% in the last four days.

The IT sector $ 283 billion, which derives about 57% of US revenues, has long been using American visa programs and outsourcing of software and business services.

The increase in visa fees also overshadowed the positive impact of GST rates, and car companies reported growing queries, and analysts expect cuts in key sectors support earnings from the quarter.

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