This time, I am presenting a line chart with 50 / 100 Moving average crossovers. The vertical lines shown are here to show you what happened when such crossovers occurred. At present, these moving averages are once again in the verge of a crossover which will confirm the downward trend. But normally, there will be heavy volatility before such crossovers (You can see it near the vertical lines too). We should expect such high volatility next couple of weeks too. Baring the budget implication, technically, NIFTY is poised for painful days unless the price action in the coming days proves otherwise.
