The nifty has fallen in down trend.It is trading below 200 day simple moving average. The RSI is making lower lows and lower highs the same is true for the MACD. RSI is trading blow 50 level and is at 28.91 and MACD is trading blow the zero line. All this indicate that bears are winning the game and dragging the nifty downwards. Once the important level of 5400 is breached, the weakness will be more visible and the next support level will be 5210.
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