Weighted Average Of Nifty

Nifty has closed today at 4858 . The weighted moving  average for the same for 2000 days  (i e 2000Day WMA ) is 4692 at present . This means that the buyers have had only the benefit of Dividends and a very small capital appreciation. May be this is the reason for the Nifty to see support at around the level of 2000D WMA.

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