Nifty is finally coming out of the 5175 - 5900 range. A close below 5175 is bearish. The 50 day EMA is already below the 200 day EMA (Death Cross) as shown in the chart above. The last time such a cross happened was in early 2008 and we all know what happened after that. Not saying that we will have a similar sell off and there are death crosses that end with only minor corrections and followed by a reversal. But the point is we are in serious bear territory and risk is on the table again. So now is a point to be extremely cautious. Bear markets are volatile so expect huge volatility ahead.
