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 ...
