Weakness in Nifty50 Moving Average is going down in 15 minutes time frame.
It clear means that Nifty will go down in short run.
On 5th December Moving average started going down,
Also, on that day Nifty try to go up but can’t break day high (It’s 50% possible that trend has been changed).
Today on 6th December, Nifty survived at yesterday’s low.(30% chance that nifty will not go up in short run)
Finally at the end of the day nifty try to go up in second last candle with good volume (it’s 50% confirmation of trend will change) but next candle can’t break high of second last candle.( So down trend is continued)
So in conclusion nifty will still continue in down trend for tomorrow.
