Nifty after crossing the 200 DMA is now again at those levels. It has till now stayed for 14 days above the moving average.
There is a great lot of sentiment attached to the 200 SMA. It can be defined as the line between bulls and bears and the same can be seen today as the index is making every effort to stay above 200 SMA levels.
When index is near such levels there can be sometimes multiple testing of such levels as the struggle unfolds between the bulls and bear.So expect more range and reversals at these levels.
There is a great lot of sentiment attached to the 200 SMA. It can be defined as the line between bulls and bears and the same can be seen today as the index is making every effort to stay above 200 SMA levels.
When index is near such levels there can be sometimes multiple testing of such levels as the struggle unfolds between the bulls and bear.So expect more range and reversals at these levels.
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