observation....
nifty just manage to closed above 110EMA.
previous week closing < fib.retracement of 0.236 and this week opening is < 500EMA.
nifty closed below 250 ema first time since 2008 .
nifty vs indiaVIX indicates thats bears as grip in market. indiaVIX is at record high!!!!!
after 6 jun 2016 banknifty closed below 100EMA .