Nifty’s longest losing streak in 25 years has pushed the benchmark into a critical technical zone, leaving investors to decide whether the sell-off is nearing exhaustion or has further to run.
The index has breached its 200-week moving average and slipped below the crucial 22,600 level for the first time since the Covid crash. While history offers examples of both sharp rebounds and deeper declines after such breakdowns, LKP Securities’ Senior Technical Analyst Rupak De says investors should remain cautious, reduce high long exposure and wait for a decisive move above 22,600 before adding back positions. If the level continues to cap gains, Nifty could eventually head towards 20,500.
