#banknifty 200EMA broken on daily, 50EMA breached on wkly
VIX is at 31.98 increasing by 30% so the pain is certainly not over yet. Supports have melted away --200EMA support didnt hold for even a minute and just fell by the wayside. On weekly chart 50EMA was broken with a strong red candle. Will 100EMA give some support on weekly chart? What do you think?
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