Nifty 50 Marks 100 Trading Days Below 200-DMA, Second-Longest Streak In 10 Years

The Nifty 50 has been trading below the 200-day moving average (200 DMA) for the past 100 sessions, and this is the second-longest time period below the technical indicator in the last 10 years. The 200-DMA currently stands near the 24,790 level, while the benchmark index continues to trade below that mark despite recovering from its April lows.

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The milestone underscores the prolonged weakness that has persisted in the broader market during 2026, even though the benchmark has regained part of the losses recorded earlier in the year.

Second-Longest Stretch Since 2016

Historical market data shows the current run is exceeded only by the 159 trading sessions during which the Nifty 50 remained below its 200-DMA between August 20, 2015, and April 13, 2016.

The previous major correction occurred during the COVID-19 market downturn, when the index stayed below the same indicator for 95 trading sessions between February 26, 2020, and July 16, 2020.

The 200-DMA is widely tracked as a long-term trend indicator. Index that trades above this threshold is usually regarded as being in a long-term uptrend, whereas a period of trading below this threshold indicates long-term bearishness in the market.

Recovery from April lows

The Nifty 50 index reached its peak at 26,373 during January 5, 2026, after which it declined to 22,183 by April 2 on account of geopolitical issues in West Asia.

Since then, the benchmark has recovered about 8.2% to trade around the 24,000 level.

Even after the rebound, the index remains nearly 3% below its 200-DMA, indicating that the recovery has yet to restore the benchmark above its long-term trend line.

Around half of the Nifty 50 constituents are also trading below their respective 200-DMAs. These include Bharti Airtel, HDFC Bank, Hindustan Unilever, Infosys, ITC, Larsen & Toubro, Maruti Suzuki India, Reliance Industries, State Bank of India and Tata Consultancy Services.

Key Technical Levels Remain In Focus

Market data indicates that the 23,700-23,600 zone continues to be an important support area for the Nifty 50. A move below this range could expose the index to the next support band between 23,500 and 23,300.

At the same time, the index has moved above its 100-day moving average, which is positioned near 23,846. This level is now being tracked as an important short-term support.

A sustained move above the 24,500 level would place the benchmark closer to its 200-DMA and could improve the broader technical structure. Until then, the Nifty 50 is expected to remain within a consolidation phase.

The benchmark’s ability to reclaim its 200-DMA will remain an important indicator of market direction. With the gap between the index and the long-term average narrowing from April’s lows, upcoming trading sessions will determine whether the recent recovery gathers further momentum or the benchmark continues its extended period below this closely watched technical level.