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
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEga3JkHi3bYwLDwBmGRk70Kz1RCmO-SYs8iB3By8UrpQrq9OP0fuy_TYn0lVu2M-IUkW1PE3yUxffWXOvY5tlcaBhI3Ol_GQpcgzcMWKLViICbjYWZgukWEKZajpD9rE9wBL1QeaheC3c7h/s640/a.png)
- 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
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEga3JkHi3bYwLDwBmGRk70Kz1RCmO-SYs8iB3By8UrpQrq9OP0fuy_TYn0lVu2M-IUkW1PE3yUxffWXOvY5tlcaBhI3Ol_GQpcgzcMWKLViICbjYWZgukWEKZajpD9rE9wBL1QeaheC3c7h/s640/a.png)
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