Bank Nifty, Dow Jones, Dax –200 Dma Touchdown & RSI sub 30 and oversold.

A quick look at some indices.


Nifty is yet to touch the 200 dma.

S&P 500 and Nasdaq 100 too away from the 200 dma.


Bank Nifty , Dow Jones and Dax have done the 200 dma touchdown.

Generally a bottoming out takes 2-4 weeks after such oversold zones or a quick bottom which can be confirmed by a sharp recovery.

Brace for volatility and look to deploy slowly.


Bank Nifty – Oversold and 200 dma touchdown. Time to accumulate Bank Bees if one has a large cap orientation.


Bank Nifty Blog


Dow Jones – Oversold and 200 dma touchdown.



Dax – Another touchdown of 200 dma.

Dax Blog




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