 "NSE, stock market")
The Nifty on Wednesday closed in the red for the sixth straight day ahead of the rate decision by the US Federal Reserve. The index in the past six sessions has declined 786 points, or 4.8 per cent, to 15,692. In the past two months, the index has dropped over 13 per cent amid rising inflation and bond yields.
In a note, IIFL Alternative Research has highlighted five market breadth indicators that signal extreme caution among investors.
Stocks above 200-day moving average (DMA)
Over 80 per cent of stocks in the BSE 500 universe are trading below their 200-DMA — an important technical
