Prices close twice below 5 DEMA for two days. RSI falls below 70. K triggered D already and now below 80, with a sharp dive. MACD crosses signal line. Price closes below 5 and 10 DEMA. Daily Regression study reveals a good resistance @5612 levels and RSI intersection with a 15 DMA proves to be vital. Andrews pitchfork may provide some support @ its median line. A 38.2% retracement @5211 can be expected for this super-hero activity by nifty from 4536 to 5628, a 1092 point movement in 45 trading days. The trend channel has been broken too. If I havent lost my sanity, then I derive that a 38.2% retracement which is a near 420 point fall may be achieved in around 18 trading days by March 20. Areas of support would be 5425-5360-5300-5245-5200
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