OBSERVATIONS-
1. NIFTY ADX INCHING UP BUT NOT AT MOST IMP 25 FIGURE
2. On ema chart ( second pane ) monthly all mixed moving averages in positive zone also weakly averages in positive zone
3. Chart has weakness n near term trend is bearish as indicated in parabolic sar n also i tried to pointing out the curve of p sar, more steeper the curve more bearish the chart also i bringing out ecer importance of relation of p sar with adx without adx p sar is meaningless my formula is adx going down ignore p sar , adx moving up consider p sar , now its early time to say but inch by inch adx seems rising so is p sar signal has more importance n also its curve
conclusion - On bearish tone along with larger based support we might only test 2500 support beyond that i dont see any down move and its most probably bottoming up process on longer time frame