Nifty is very close to its 200 Day Moving Average aqround 4964 levels. A close below the 200 DMA for 2 or more days is a bearish sign. Let us see how the scenario unfolds.
If the bear market unfolds in India, expect to see days like last week where Dow crashed 10% intraday and CAC closed 6.4% lower in a single day.
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