April 28, 2020

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 1% in positive at 9280
- AD was 2:1

- VIX down 8%... now at 35

- markets so far trading within rising wedge

- fall from 9500 to 7500 took 8 days
- reverse has taken almost 22 days
- slower pace of rally means this would be a corrective rally





5 min charts:



15 min charts:

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