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Get Live Charts Nifty Signal Using Buy Sell Signal Software

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BEAR MARKET PREVAILS,NIFTY GIVES WAY

Policy paralysis seems to be eating away the growth cycle recently picked up due to the sincere  efforts on the part of the govt coupled with well timed action by RBI which deemed fit to slash repo and CRR.  The depth in the market is deepening with every trading session.  Premiums in both NIFTY FUTURE and NIFTY OPTION are fast disappearing with discounts sneaking into it vigorously.  The NIFTY sunk below 5600 for the first time since November 23, 2012.  That was the first time that the Nifty actually flirted with the 200 day moving average (DMA).  Now it’s a big question that “is the NIFTY and midcap index which has outsmarted NIFTY in falling fast, replicating the trading pattern similar to 2008. 
THE 200 DMA—KEY SUPPORT
If one peeps into the recent past, one can get to know that the Nifty has not gone below 200 DMA on a closing basis.  In 2008, also the similar trend where midcaps started to underperform exhibited.  Some of the midcaps started to fall 30-40 per cent and then the Nifty just somehow managed to hold on to the 200 DMA.
After three or four times it ultimately broke the 200 DMA and it did that by about 50 or 100 points and after that there was no looking back.  For the complete year, Nifty traded below the 200 DMA and in fact went as low as 2500 points below the 200 DMA.  Even chart analysis or technical analysis could not take clue of next trading sessions.  The intraday tips were hovering in dark.  It all had its epicentre in USA where the recession of 2008 had originated.  It largely impacted the FII flow in the Indian stock market as a whole.  Shorting the NIFTY FUTURE or buying puts of NIFTY OPTION have become the current trend and will continue till something strong comes up.
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