Nifty 500 Technical Indicators Signal Potential Market Weakness
🇮🇳 India Technical Weakness Persists
Technical indicators point to a **weakening undertone** across the **top 500 Indian shares**. A majority of these stocks are currently trading **below key moving averages**, signaling broad-based technical weakness.
The market sentiment is dominated by sellers, a trend exacerbated by persistent **trade deal uncertainties** and wider **global concerns**. This selling pressure is evident **across sectors**.
While the current **oversold conditions** may create potential **buying opportunities** for high-quality stocks, analysts caution that a **decisive, sustained upward trend is not yet anticipated**. The prevailing technical structure suggests bears remain in control.