This is DmDA (Dynamic mean Deviation Analysis) for Nifty Inde | Invest with Zero Loss Advisory

This is DmDA (Dynamic mean Deviation Analysis) for Nifty Index. It is showing there is a divergence in long-term dynamic means except short term mean. What does it imply! Though the short-term means are positive and they are sensitive too but long-term mean defines the strength of the direction of the asset. So, in this situation, it seems there may be a sideway move in this month to close with and if the short-term mean creates divergence then the chances of downward will be high. In that case, I find long-term support may me 13475-12115 level.

Note: this is a study, not for trading.