← Latest news 
Nifty slips below 20 and 50 EMA as support tests and IT reels — Sudeep Shah’s trade plan
Economy
Published on 25 April 2026
Range bound may return, but EMA break changes everything
Indian markets saw a broad sell-off, with Nifty and Sensex closing sharply lower. IT stocks led the decline, while pharma, healthcare, and energy also came under pressure. Analysts expect Nifty to trade within a range, citing support around 23,700–23,650 and resistance near 24,200–24,250 after the move below key EMAs.
- Nifty and Sensex ended sharply lower after a broad sell-off
- IT stocks led declines; pharma, healthcare, and energy also pressured
- Support seen at 23,700–23,650, resistance at 24,200–24,250
- Sudeep Shah shares a strategy for monthly expiry and weekly movers
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times