POST-CLOSING COMMENTARY -NIFTY CHART ANALYSIS

Nifty is trading below all the major Exponential Moving Average of 20 EMA, 50 EMA, 100 EMA and 200 EMA. It is currently trading below its 200-day EMA, indicating a major trend shift in favor of the bears. The shorter time frame 20 EMA is about to cross below 200 EMA. We may see further down side in Nifty if the cross over takes place. The previous support trendline of Nifty is broken and is trading below from last four days after a gap down. We may see further fall in Nifty if it breaks the low of 24,305.40 made during this week. MACD below zero is also indicating bearish trend in coming days. Top Gainers :

Top Losers :