December 1, 2019

NIFTY monthly chart

- trend is up
- support 10000

- rising wedge seen
- resistance 12300
- rising wedges are bearish

- cumulative market breadth disappoints

- this month bullish candle was the smallest in 3 months

- 11800 is the key level

- option writers are bullish that 12000 will not break
- let's see

- nifty PE around 28+... big red flag

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