NSE Nifty index breaks 50-DMA, seems oversold

NSE index trades below 50-DMA for the first time since Oct. 21

Levels around 50-DMA acted as key support for the index  on multiple occasions since February

Its 14-day RSI near 36.9

Index trades below lower Bollinger band

The 50-shares index down 4.1 pct in previous six session until Friday vs 3 pct fall in MSCI-Asia Pacific index , excluding Japan

($1 = 62.2000 Indian rupees)