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Market setup: Tuesday's trade will test market's near-term texture

The Nifty managed to defend the 200-day moving average (DMA) yesterday, on April 18, 2022 which presented the bulls with some hope.

By Anuj Singhal  Apr 19, 2022 9:05:13 AM IST (Published)

The Nifty managed to defend the 200-day moving average (DMA) yesterday, on April 18, 2022 which presented the bulls with some hope. Trends on SGX Nifty indicate a positive opening for the broader index in India with a gain of 27 points today. The Nifty futures were trading around 17,253 levels on the Singaporean exchange.
Today’s risk reward is just to put some leap of faith in the 200-DMA and try to see if that works.
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