Daily charts:
- trend is down on daily charts
- today nifty closed 7% in positive at 8318
- AD was 11:7
- VIX down 8%
- 14 day ATR is 535
- swing highs (very approx) is at 9000, 10000
- no technical pullback/ relief rally seen in this correction so far
- the first buy signal will fail.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzjd_8gXVqU2IPm78kHIaI90BfU3gCIL5kYyYdBUJ0ZlwiKamjGllRY9QpictP-g5ILyZ3AK-QedDH7y8EuaIIm_l-Sj0UQUsPFKN1RG0DKh8Mui0FeP_qhIR5WwwfWqbHSD1MmSSN6qBX/s640/a.png)
3 min charts:
- signals as shown
- rising wedge seen towards end of day
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXUJl0K79TrU0fOpkS7Xfxiz8JLfPL25RcKwhADt1UqqX7JdBAnSQ35pCKmL2xhz7dHJEIMCR1otZBEgjYH8Kznar70EL0206rYdLvJUlhtmGrYzFZ0ni6utIKh8x5bm3KVdIlsqybI53u/s640/a.png)
15 min charts:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3TciLhXNR1YavrUPSO21Z9XWX8b50-PcXyQiX1ojN2hswgEheFP6ob4i-kBOK6FS_2FUowcpqeCf887KFxuqeQIbzvLVXymyFlKh88eAAnofR5BTM_WORBJLOCk2P0TPJfWqrDzFn838e/s640/a.png)
30 min charts:
- falling wedge seen
- rally possible till 10000
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9Vf2RXedxmwEmMkt3eZvauuzjrg5i6-nwJ84IcRZqQSTRr8VPzjwL-rNU5ilgEfFUAvEeAMFvpYCuJWIn2a-fsupO7y6oglTUPGBHq75sq2PewDQavF8GfHjTIz6aM2LbdEpQRbBO2dVp/s640/a.png)
- trend is down on daily charts
- today nifty closed 7% in positive at 8318
- AD was 11:7
- VIX down 8%
- 14 day ATR is 535
- swing highs (very approx) is at 9000, 10000
- no technical pullback/ relief rally seen in this correction so far
- the first buy signal will fail.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzjd_8gXVqU2IPm78kHIaI90BfU3gCIL5kYyYdBUJ0ZlwiKamjGllRY9QpictP-g5ILyZ3AK-QedDH7y8EuaIIm_l-Sj0UQUsPFKN1RG0DKh8Mui0FeP_qhIR5WwwfWqbHSD1MmSSN6qBX/s640/a.png)
3 min charts:
- signals as shown
- rising wedge seen towards end of day
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXUJl0K79TrU0fOpkS7Xfxiz8JLfPL25RcKwhADt1UqqX7JdBAnSQ35pCKmL2xhz7dHJEIMCR1otZBEgjYH8Kznar70EL0206rYdLvJUlhtmGrYzFZ0ni6utIKh8x5bm3KVdIlsqybI53u/s640/a.png)
15 min charts:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3TciLhXNR1YavrUPSO21Z9XWX8b50-PcXyQiX1ojN2hswgEheFP6ob4i-kBOK6FS_2FUowcpqeCf887KFxuqeQIbzvLVXymyFlKh88eAAnofR5BTM_WORBJLOCk2P0TPJfWqrDzFn838e/s640/a.png)
30 min charts:
- falling wedge seen
- rally possible till 10000
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9Vf2RXedxmwEmMkt3eZvauuzjrg5i6-nwJ84IcRZqQSTRr8VPzjwL-rNU5ilgEfFUAvEeAMFvpYCuJWIn2a-fsupO7y6oglTUPGBHq75sq2PewDQavF8GfHjTIz6aM2LbdEpQRbBO2dVp/s640/a.png)
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