At the end of the session market ended in the red. On the hourly chart, Nifty has given a negative crossover of 20-hourly simple moving average (HSMA) and 40-hourly exponential moving average (HEMA). However on account of positive momentum cycle on the daily chart the negative crossover of 20-HSMA and 40-HEMA will not have a strong impact and the negative crossover is expected to volatile in the coming sessions. Further Nifty is expected to take support around 61.8 % retracement level (of the   read more »