The Nifty 50 index has recently broken below its 200-day EMA. Historically, this has been a positive signal for the market. Over the past seven years, the Nifty has shown strong returns of 3%, 5.5%, 9.3%, and 17.6% in one, three, six, and twelve months, respectively, after touching its 200-day EMA. This suggests potential upside for the market in the coming months.
