5 triggers that can make Nifty touch 18,600 level by December
In each of six instances since 2008, reading below 15 in percentage of stocks above 200-DMA (Nifty500 universe) led to durable bottom, followed by new highs on Nifty. We expect the same rhythm to be maintained this time as the indicator bottomed at a reading of 14 in June 2022,the analysts said.
