Nifty -7849/- whether nifty is poised to move substantially from current levels? it does not appear to be so technically. There are so many negative things in nifty first its below 200 day EMA which itself is a bearish signal and there is also golden cross, 50 day and 100 day EMA have moved below 200 day EMA which is regarded a very bearish signal. Also the distance between them is increasing which is an indication that we might move down wards, there might be slight up moves but ultimately move down. So as far as technicals are considered its pointing downward movement and it appears it might accelerate in coming week/s.

Mahiidar M

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