Is the Nifty50 on course to hit the 11,200 mark? Here's what charts say

The 25 basis point hike by the US Federal Reserve (US Fed) seems to have halted the seven session market rally. Is the fall a reason to worry?

Here are key levels you should track for the frontline indices:

NIFTY50: The index closed above the 100- day moving average (DMA) on Wednesday with decent volumes on the daily chart. It made a high of 10,985, which was above its 100-DMA of 10,937, and eventually closed at 10,967. The continuous four-day upward rally has boosted the investor sentiment. The Relative Strength Index (RSI) is trading at 61 while Moving Average Convergence