indiamarketoutlook

Nifty: Is 200 day EMA test on the cards

NSE:NIFTY   Indice NIFTY 50
Nifty

- we have seen 20 day EMA crossing below 50 day EMA
- every attempts to pullback above 50 day EMA went futile

- 200 day EMA currently around 16284
- Last it tested 200 day EMA on 25 September 2020

The way things are set, Nifty has a good probability to test 200 day EMA

Stay cautious and trade light.

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