Nifty is looking good on charts, every time it falls it takes support at 100 period moving average except that 2020 disaster when it breaks its 100 period moving average and touched its low of 7511 on 23rd march 2020. but from that point NIFTY has taken V Shaped recovery and touched all time high of 18604, and now it is consolidating and again taking support at 100 period moving average. so in a technical chart 100period moving average is very important indicator for judging whether the price will go up or down.