Daily charts
- trend is UP on daily charts (first time since the correction)
- today, NF gained 2% and closed at 10325
- AD was 6:1
- VIX drops 9%
- option writing support 10000
- IMPORTANT - new highs possible if Nifty can sustain above 10600 this year, otherwise new lows possible. Reason: Big H&S on weekly charts.
- the pace of the rally and volumes from here should give hints... will take lot of time though so do not ask questions.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFwrDSkmE2embhHk6Kni1TdhsCuHX7-WpBbAxBBdSiEmM9FJpeAWVdxck6irxiD3s9zeH2sU43XARbkiY10n8x34bWpYKEl5h84rs0cnudtOINZTxCAKajIn14cphuEzYo67M1GSevgRs/s640/a.png)
5 min charts
- huge gapup opening of 140 points
- those holding overnight puts would have lost heavily due to 8% drop in VIX
- call buyers benefit handsomely... congrats to those who were holding them
- intraday buy signals as shown
- refer my previous days post on H&S pattern on hourly charts
- this played out but day traders lost 140 points due to gap up
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiivbGMc7CRA8vZWOZvjvvfDpzQTjBL8HBAWcpDWzLp6ss04YvBj2DjpVRj4rnMQ3mC7jk1xZj52po__jsiAiVyGZ1ICPuKZIoZ7O3XC_PjLh0stBlaFb1zS9bz2rqbJcS986NsrM_LHx0/s640/a.png)
- trend is UP on daily charts (first time since the correction)
- today, NF gained 2% and closed at 10325
- AD was 6:1
- VIX drops 9%
- option writing support 10000
- IMPORTANT - new highs possible if Nifty can sustain above 10600 this year, otherwise new lows possible. Reason: Big H&S on weekly charts.
- the pace of the rally and volumes from here should give hints... will take lot of time though so do not ask questions.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFwrDSkmE2embhHk6Kni1TdhsCuHX7-WpBbAxBBdSiEmM9FJpeAWVdxck6irxiD3s9zeH2sU43XARbkiY10n8x34bWpYKEl5h84rs0cnudtOINZTxCAKajIn14cphuEzYo67M1GSevgRs/s640/a.png)
5 min charts
- huge gapup opening of 140 points
- those holding overnight puts would have lost heavily due to 8% drop in VIX
- call buyers benefit handsomely... congrats to those who were holding them
- intraday buy signals as shown
- refer my previous days post on H&S pattern on hourly charts
- this played out but day traders lost 140 points due to gap up
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiivbGMc7CRA8vZWOZvjvvfDpzQTjBL8HBAWcpDWzLp6ss04YvBj2DjpVRj4rnMQ3mC7jk1xZj52po__jsiAiVyGZ1ICPuKZIoZ7O3XC_PjLh0stBlaFb1zS9bz2rqbJcS986NsrM_LHx0/s640/a.png)
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