Daily charts:
- buy signal today on nifty as index closed above recent swing high at 9000
- today nifty closed 4.2% in positive at 9112
- AD was 5:1
- VIX down 5% at 50%
- note this is first buy signal after break of 12000
- it is common (very common) for first buy signal to fail
- swing low is around 8000
- close is positive considering 3 day weekend
- but this correction has usually given Monday as a red day
- let's see
- note ATR is around 500
- so SL for any trade should be 1000 points at least
- swing low around 8000 meets this condition
- decided not to trade today due to connectivity / terminal / liquidity issues
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTizEBzqHeGzeix9UNi_TspnXMVRm05VElC3a3NqorwcptBICAI9LVPE8NrtodNxjSqgJp7y8y4PypcFLueuRbGE0JZiIVWNF80Vuyen4w00cc0g7xaEwnJEV0M9dF4qB-bqTbQeG-HdmO/s640/a.png)
3 min charts:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDCIK4VON18jO4WtI_d4s8LET4TXEXu0O_9gdA0gGJY46PXZzISUskOCIaucy2E1WHQtKWri-zoYt4BMlFZHAJ8lOgi2Jo9YfaPwL8oOQNmMEpq1jTwEPTAgqeWtnqEJkB-Sl4V8EvyXmb/s640/a.png)
15 min charts:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixJOaSeK2npBiRYr7xTkstbrxb2Yl_2hGRx-JDyzER79VwCmElmQf9lXYcSbAfHWKvKzqz0IVCRWfCeC-IamxKDxvSjwttAKLGPEzhuCrsguaP9f6zvBTmO7WaHHp_JPY7E6V63ULaxX8L/s640/a.png)
- buy signal today on nifty as index closed above recent swing high at 9000
- today nifty closed 4.2% in positive at 9112
- AD was 5:1
- VIX down 5% at 50%
- note this is first buy signal after break of 12000
- it is common (very common) for first buy signal to fail
- swing low is around 8000
- close is positive considering 3 day weekend
- but this correction has usually given Monday as a red day
- let's see
- note ATR is around 500
- so SL for any trade should be 1000 points at least
- swing low around 8000 meets this condition
- decided not to trade today due to connectivity / terminal / liquidity issues
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTizEBzqHeGzeix9UNi_TspnXMVRm05VElC3a3NqorwcptBICAI9LVPE8NrtodNxjSqgJp7y8y4PypcFLueuRbGE0JZiIVWNF80Vuyen4w00cc0g7xaEwnJEV0M9dF4qB-bqTbQeG-HdmO/s640/a.png)
3 min charts:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDCIK4VON18jO4WtI_d4s8LET4TXEXu0O_9gdA0gGJY46PXZzISUskOCIaucy2E1WHQtKWri-zoYt4BMlFZHAJ8lOgi2Jo9YfaPwL8oOQNmMEpq1jTwEPTAgqeWtnqEJkB-Sl4V8EvyXmb/s640/a.png)
15 min charts:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixJOaSeK2npBiRYr7xTkstbrxb2Yl_2hGRx-JDyzER79VwCmElmQf9lXYcSbAfHWKvKzqz0IVCRWfCeC-IamxKDxvSjwttAKLGPEzhuCrsguaP9f6zvBTmO7WaHHp_JPY7E6V63ULaxX8L/s640/a.png)
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