Daily charts:
- trend is down on daily charts
- today nifty closed 3.6% in negative at 11219
- AD was 1:5
- today 350 stocks made new 52 week lows
- good support around 11000-11200 range
- no swing formed below 12200
- I expect 11600 to provide resistance
- VIX up 29% today... options have become very expensive
- nifty has reached lower trendline of rising wedge (will post chart tomorrow)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-d4ADcLDhURFBKwjMPvEGm_XioPPRQBUB0FnY0tpT2NvaVoQlhcO8Z3b4EEl2RUzIs4-7iNCGiTd9Sr6R-ppM7K3zdvUnrlAXAdQYuskLO92l8mEP9VIx2uB3Yb6WmFCzNQb7YoXtVTRV/s640/a.png)
- trend is down on daily charts
- today nifty closed 3.6% in negative at 11219
- AD was 1:5
- today 350 stocks made new 52 week lows
- good support around 11000-11200 range
- no swing formed below 12200
- I expect 11600 to provide resistance
- VIX up 29% today... options have become very expensive
- nifty has reached lower trendline of rising wedge (will post chart tomorrow)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-d4ADcLDhURFBKwjMPvEGm_XioPPRQBUB0FnY0tpT2NvaVoQlhcO8Z3b4EEl2RUzIs4-7iNCGiTd9Sr6R-ppM7K3zdvUnrlAXAdQYuskLO92l8mEP9VIx2uB3Yb6WmFCzNQb7YoXtVTRV/s640/a.png)
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