June 30, 2018

NIFTY monthly and quarterly charts

Monthly charts
- trend is up
- support 10000
- last 2 months, doji formed indicating indecision

- below 10000, retest possible of 9000




Quarterly charts:
- trend is up
- last quarter, strong signs of selling seen
- this quarter, support seen but all action within body of previous candlestick

- support 10000

- interesting observation: in past 10 years, all big corrections have lasted for 4 quarters.

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