Nifty breaks 50-DMA, seems oversold

Reuters Market Eye - The Nifty <.NSEI> 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 is near 36.9.

Index trades below lower Bollinger band

The 50-shares index is down 4.1 pct in previous six session until Friday vs 3 pct fall in MSCI-Asia Pacific index <.MIAPJ0000PUS>, excluding Japan

($1 = 62.2000 rupees)

(Reporting by Abhishek Vishnoi)