murthyonline

THE DEATH CROSS IN NIFTY

Short
NSE:NIFTY   Nifty 50 Index
2
In Nifty Spot chart the death cross occurred. See the red and green lines 50/200 EMAs.
When last time the death cross occurred, incidentally at the same place at 8260 area.
What happened after that NS went down to 6850 levels. Since the 9200 levels to
6850 level is taken as "A" wave and 6850 to the recent high as B wave we are now in C wave
in larger time frame and it will not be a surprise if NS try to visit below 6850 unless it
is a truncated C wave.