Bank nifty update

Bank nifty is showing all signs of weakness. And it appears that it is on its way to a heavy down wards movement. It can be seen from the chart above that 50 day EMa has moved below 100 day EMA indicated by (eclipse) this has happend for the first time after april-may 2009 and the gap between then is increasing indicating that we might see further down sides. it can also be seen in the chart above indicated by blue square that bnf has moved above 200 day EMA and has found resistance at 100 day EMA and there after started to move down and once again moved below 200 day EMA indicating the buying support is not comming into the banks and this is clearly a warning sign for bulls and bears would be happy as they are seeing the bulls are not interested in buying as of now.
M.Sri Mahidar