NSE:NIFTY   Nifty 50 Index
Negative divergence triggered pulling down Nifty to 15 DMA. Below 5 DMA, downside momentum accelerates. Bears are sitting tight at 11000 CE which is the highest OI. Now bulls have created some position at 10600 and also at 10200. So we have to watch 10600 carefully if this level is breached. If breached, 10552 may provide some support which is 100 DMA. Bears are having dominance. Sell on rise may be profitable for short term.
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