July 7, 2021
July 5, 2021
July 2, 2021
NIFTY EOD chart
- nifty trend remains up
- broader market remains sideways
- swing low is around 15500
June 30, 2021
NIFTY intraday chart
- today nifty closed flat at 1571
- AD was also flat
- banknifty was weak
- today was a nice trending day for price action traders and indicator followers
- here are 2 charts... take your pick
and this one with kplswing indicator
June 28, 2021
NIFTY intraday chart
- nifty opened gap up but sold off immediately
- intraday fall was not much and support started coming in at lower levels
- this is actually bullish for the markets
- tomorrow, key levels to watch would be 15830 and 15930 F
NIFTY EOD charts
- nifty closed marginally in the red at 15815
- AD was flat
- lot of tussle happening around 16000
- this will be an area of resistance
- support 15500
June 25, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 0.4% in positive at 15860
- AD was flat....some problem with NSE data/ probably corrupted
- swing low/ support 15500
- resistance 16000
- VIX drops 11%
June 24, 2021
NIFTY EOD charts
- nifty closed 0.7% in positive at 15790
- AD was 2:3
- trend remains clearly up
- support 15500
- stiff resistance around 16000
- option data shows limited upside this week
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June 23, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 0.5% in negative at 15867
- AD was 1:2
- some loss of momentum seen
- after the big green candle of 21-JUN, markets should have moved faster up.
- this has not happened.
- in fact, we are seeing selling for past 2 days
- support 15500
June 21, 2021
NIFTY EOD charts
- nifty opened gap down around 15500 and closed 0.4% in positive at 15746
- price action of last 2 days shows tremendous support around 15500
- this level can now be considered as a good swing low
- trend remains firmly up.
June 18, 2021
NIFTY EOD charts
- nifty closed flat at 15683
- AD was 1:2
- intraday volatility was huge with a fall of 250 points followed by similar recovery
- markets reversed from 15400-15500 levels
- this was FEB 2021 peak and is now an important support
- break of this level anytime next 1-2 weeks will indicate trend reversal.
NIFTY intraday charts
5 min charts:
- highlighted range refers to prev day high low.
- open was a red bar near prev day high
- there were multiple sell signals at 15700 F and 15625 F
- these are marked as arrows
- buy signal was on close above 15600 F
- next week, 15750 F is an important resistance
- sustaining above this will be bullish
Intraday action is more clear on 3 min charts
- Hourly charts show why markets took support at 15450 spot
- this level was incidentally the top in FEB 2021
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