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Last Time This Happened, Nifty Dropped 24% in 21 Days - Views on News from Equitymaster
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The Equitymaster Research Digest

Last Time This Happened, Nifty Dropped 24% in 21 Days
Apr 17, 2017

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The Nifty is on a winning spree since bottoming out at 7,893 in December 2016. The index is up 17.4% from the low of 7,893 to the high of 9,273.

The index has been in an uptrend for more than three months, and the best measure of it is a moving average. The index crossed above the 21 EMA (exponential moving average) on 28 December 2016. Since then, it has consistently closed above the average and is still going strong.

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