During the month of April, the benchmark index lost over 2 per cent from March 2022 close but the bigger worry is that the index lost over 1,000 points from the top of 18,115. This indicates the dominance of bears. Now, on the daily chart of Nifty50, we are witnessing a ‘Death Crossover’ of the 50-day moving average and the 200-day moving average.
