Daily charts:
- trend is down on daily charts
- today nifty closed 0.3% in positive at 11118
- AD was flat
- nifty took support around 11000... low was 10999.4
- note breakout above 11000 was attempted 3-4 times over 4 months
- so let us see how long this support holds
- between 11700 and 11000, there is no swing high
- formation of one is not necessary
- but if formed, will help traders set SL
- in absence of any swing high, we can assume one at 50% fall - 11350
- today, 588 stocks made new 52 week lows
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7BTDK-GstxJ3kX8mpi-cM6ulvnQFFrUsmPh4bCmlFxPLYOOjbzWwJeN3l3dD-wXTCtpPlu5REW2jBcrB09bcZvRRstNuMQpO8y6FY-qcJAbYkQZOBpLru9lcFpmZspMJVBQYAMKqrTjyi/s640/a.png)
3 min charts:
- missed an excellent contra trade long opportunity just before 11am
- traded long per signal
- stopped out
- did only on trade
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiddbajnb8SJ3vZbRbnPgOzb5a6-xJAO4T_bxzhhIDySmQvMz4GNSsTzTaXUMG2RcgBcIHUe6tDXWX9wKgZRS6lTbVpoIaS5WLxGuBI5p4BipaKjZNNKOvHsvW7-8VgO_Y4reo8jw9TZAVA/s640/a.png)
15 min charts:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdECX24OpWuJDgWGhUGRteNeybch8D_ZOtxdygbRygQlgI_CcJujSQSoxPgPJ47GPuDL1Q3ziAGkFVqjJXvrHhilpDUVDzcFchcqYYeZ6v2InyY6gtUGTqIRO5JecdKkzTqngITjjI_oKM/s640/a.png)
- trend is down on daily charts
- today nifty closed 0.3% in positive at 11118
- AD was flat
- nifty took support around 11000... low was 10999.4
- note breakout above 11000 was attempted 3-4 times over 4 months
- so let us see how long this support holds
- between 11700 and 11000, there is no swing high
- formation of one is not necessary
- but if formed, will help traders set SL
- in absence of any swing high, we can assume one at 50% fall - 11350
- today, 588 stocks made new 52 week lows
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7BTDK-GstxJ3kX8mpi-cM6ulvnQFFrUsmPh4bCmlFxPLYOOjbzWwJeN3l3dD-wXTCtpPlu5REW2jBcrB09bcZvRRstNuMQpO8y6FY-qcJAbYkQZOBpLru9lcFpmZspMJVBQYAMKqrTjyi/s640/a.png)
3 min charts:
- missed an excellent contra trade long opportunity just before 11am
- traded long per signal
- stopped out
- did only on trade
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiddbajnb8SJ3vZbRbnPgOzb5a6-xJAO4T_bxzhhIDySmQvMz4GNSsTzTaXUMG2RcgBcIHUe6tDXWX9wKgZRS6lTbVpoIaS5WLxGuBI5p4BipaKjZNNKOvHsvW7-8VgO_Y4reo8jw9TZAVA/s640/a.png)
15 min charts:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdECX24OpWuJDgWGhUGRteNeybch8D_ZOtxdygbRygQlgI_CcJujSQSoxPgPJ47GPuDL1Q3ziAGkFVqjJXvrHhilpDUVDzcFchcqYYeZ6v2InyY6gtUGTqIRO5JecdKkzTqngITjjI_oKM/s640/a.png)
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