Nifty upward channel stands broken, golden crossover intact

There is clear break in five and half month long upward channel and Nifty is below DMA10. Next key level on downside to be watched is around 10,880 at the Sep 2016 - Oct 2018 line. DMA50-DMA200 crossover is so far intact, fresh strength in Nifty can only be expected above 11686 levels.

- Rajesh Ramchandani