India no longer a buy on dip market: Analysts

Having fallen 10% from the lifetime highs recorded in mid-October, technical analysts see the benchmark indices sinking further, with the Nifty likely to slide to its 200-day moving average level - a technical indicator which is read as a long-term trend indicator as it represents the average price over the last 200 days, that roughly equals the number of trading days in a year. The Nifty is currently 2.5% above its 200-DMA.

via Economictimes