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Weekly Market Outlook: Nifty snaps 8-week losing streak, but can bulls reclaim the crucial 200-week moving average?
Economic Times 1 hr ago·11 Oct 2026, 5:56 am
The Nifty index broke an eight‑week losing streak, but it is still trading below its 200‑week moving average, which sits around 22,627. That long‑term line is watched closely because it often acts as a barrier that separates a bearish from a bullish environment.
Technical charts show a few positive divergences on the daily timeframe, suggesting that a rebound could be forming, yet overall momentum remains soft. For investors, staying under the 200‑week average signals that the broader market may still be vulnerable to further downside, even as short‑term signs look encouraging.
Going forward, keep an eye on whether the index can hold above the 22,600 level for several sessions and break the nearby resistance. A sustained move above the long‑term average, combined with stronger volume and clearer sector rotation, would be needed to shift sentiment more decisively bullish.
Excerpt from Economic Times
The Nifty snapped its eight-week losing streak but remains below the crucial 200-week moving average at 22,627. The weekly market outlook points to a possible technical rebound, supported by positive divergences on daily charts, though momentum remains weak. Investors should watch key support and resistance levels,…Read the original at Economic Times
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