Daily charts:
- trend is up on daily charts (wef today)
- nifty closed 3.7% in positive at 11828
- AD was 5:1
- move in 2 days is probably the fastest in last 2-3 year.
- immediate support 11500
- close below 11500 this week will lead to whipsaw
- option writing resistance 12000
- travelling till next Wednesday so updates can be sporadic.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhn0oa-6jJn5B7VquL63rXe7FZkZOSculyIOj0rzGxyBf18gn6egX97XGoqDYAp-lALX8hfjRU4dXeIET4YLGL846Yd5mTcFinOLPWH_BxUGIf9QiA1RWDIUf8hI0TW8aRyUOiDseB1Vp_l/s640/a.png)
- trend is up on daily charts (wef today)
- nifty closed 3.7% in positive at 11828
- AD was 5:1
- move in 2 days is probably the fastest in last 2-3 year.
- immediate support 11500
- close below 11500 this week will lead to whipsaw
- option writing resistance 12000
- travelling till next Wednesday so updates can be sporadic.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhn0oa-6jJn5B7VquL63rXe7FZkZOSculyIOj0rzGxyBf18gn6egX97XGoqDYAp-lALX8hfjRU4dXeIET4YLGL846Yd5mTcFinOLPWH_BxUGIf9QiA1RWDIUf8hI0TW8aRyUOiDseB1Vp_l/s640/a.png)
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