As explained in yesterday's post, today Nifty has come down to taste 200 DMA on expected line after a steady bull run since Jan.2017. This bull run is now being challenged mainly due to rampant corruption in Indian banking sector. Not just PSU Banks, even corporate banks are also involved. This does not auger well for the economy. It seem the present down-move is corrective A-B-C, provided 200 DMA holds. Else bears will run the show.