Weekly Nifty 10 Jan

The above chart shows that 200 EMA has crossed above 200 SMA. RSI is at 42.5.
The 200 SMA is at 4767 and 200 EMA at 4848. Closing Above 200 SMA and RSI above 45 will give signal of an upmove starting. Closing above 200 EMA will confirm the uptrend and the whipsaw which we have been seeing for the last few days will stop and the UP Trend will start.
Till this happens the trend is down.