NIFTY Std Deviation wrt 50 DMA

In past 5 yrs (1195 trading days), only 21 days has Nifty been at a deviation of ~6% or more from its mean of 50MA, with the max being 6.5%. Like had we closed at 12000 today, we would've been 6.5% away from 50MA. Currently at 5.9%, we are sitting in that last bucket (pic) (1/2) pic.twitter.com/1aeiKyNszz

— Arjun Tandon (@iarjuntandon) November 4, 2019