April 7, 2020

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty opened gapup and closed 9% in positive at 8793
- AD was 5:1

- VIX down 6%

- note Friday was a down day and
- nifty opened gapup above prev day high
- this is normally a bullish sign
- except that fast rallies are common in bear markets

- swing high 9000
- 14 day ATR is 506

- this is a short week with 3 trading days



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