December 6, 2017

Sell signal on NIFTY... FIRST this year

- today, NF closed below 10100 (swing low)
- per my system, I must consider this as a sell signal
- this is the first sell signal I am getting this year
- in other words, NF was only a buy this entire year
- buy above level is 10500
- note option buying support at 10000
- so some buying may happen here
- next deep support 9700
- kplswing has given sell signal long time ago and NF has traded in a range since then

Same chart with kplswing indicator - see the whipsaws

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