According to my charts, Nifty 200 day exponential moving avg is at 18646 ( can vary by a few points according to platform you use ) and 200 day simple moving avg is at 18466. I don’t know how you estimate that it’s 50 odd points short of 200 dma…
Coming to actual factual numbers, Nifty made three bottoms in vicinity of 19200 in August 2023. Intervening peak was at 19585. This was a sort of double/triple bottom kind of pattern confirmation on shorter time frame and after that Nifty rallied to a high of 20222. Since that high we are in a corrective mode and around 19700 levels as of now… Need to see how the next few days pan out.
@ConsistentLearners I don’t track Bector Foods.
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