https://www.cscanadagooseoutlet.ca Moreover, 5 weeks EMA is trading around 11,550, and as long as Nifty is trading below these levels, one should trade with sell on rise strategy. However, the index has given a fall of 1,200 points in the last 2 weeks which has put majority of the oscillators in oversold zone and relief rally towards unfilled gap territory (11,450) cannot be ruled out.A decisive close below ascending trend line support around 10,900 can drag index towards swing lows (10,650) on the downside; however fresh positional shorts should be restricted, as the index is quite oversold.Bank NiftyBank Nifty continued to extend its losing streak for the fourth straight week as intensified selling of almost 1,500 points was seen on the last trading session. Bank Nifty has closed below the crucial support of 28,000 and previous pivot low (28,570).

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