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Moneycontrol Pro Market Outlook | Ceasefire adherence to decide market direction

The index's inability to surpass 24600 also leaves room for bearish forecasts, even as it dipped to the 20-day moving average support at 23908 this week. The current oversold condition hints at a potential short-term recovery

May 12, 2025 / 08:10 IST
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The current oversold condition hints at a potential short-term recovery, which could manifest as a bounce back in the market over the next couple of days.

Shishir Asthana
Shishir Asthana
first published: May 12, 2025 08:10 am

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