The Nifty50 which started on a muted note failed to keep the momentum going and the index slipped below its crucial short-term moving averages and made a bearish candle on Thursday.

The Nifty broke below its crucial support placed around 100-days exponential moving average (DEMA) placed around 10410, 13-DEMA, and 5-DEMA.

But, last hour buying keep the momentum favoring bulls, suggest experts. Investors who went long on the index should put a trailing stop loss below 10300.

The index which opened at 10,405 rose marginally to hit its intraday high of 10420 before bears took control. The selling pressure took the index to its intraday low of 10,346\. The index closed 50 points lower at 10,360.