Come Monday will the Nifty breach its 200DMA!
The speed at which Nifty gave up its recent gains must have thrown even the bear-est of all the bear traders out of the market. Nifty lost 97.35 points or 1.7% on Friday alone as it closed at 5654.55 near the lowest intra-day point in a very highly volatile session. The week saw the Nifty drift full 4%.
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