Nifty IT drops below 200 Weekly moving average last week and currently below 200 Weekly Simple Moving Average post the Infy earning results on last friday and on the other side Nifty Pharma is resting above 200 Weekly Moving Average and holding on to that for the last 4 months. Multiple attempts made in Nifty Pharma to break 200 WMA despite that Nifty Pharma is holding on above 200 WMA.