June 11, 2015

NIFTY futures intraday charts

- no follow thru to previous day's rally inspite of good global clues.
- candlestick followers would have sensed weakness in first 15 min of the day
- indicated yesterday that SL was 8080 F and one should expect weakness below this level
- right enough, markets tanked when this level broke
- top of breakdown bar is SL - this never got hit
- trend remained down through out the day

Same chart with kplswing and N=20 on 5 min charts

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