Nifty is at crucial level at present…in between 50ema & 200ema. Coming week can decide the direction of Nifty…if it fall below 200EMA ..a major fall can be expected of 2000 can be expected….But in case it cross the 50EMA then it can be back on its trajectory to new Top .
Looks like Bank Nifty top has already been formed. It has already started making lower top. Price action has broken the EMA 50 and now at an crucial support of EMA 200. It is trying to hold the ground above it from last 3 days. If it crosses down EMA 200....there is a 8-9% downward move.
