- trend is down
- this week, nifty failed to trade above last week's blue bar
- so we now have resistance around 9000 and
- support around 7500
- below 7500, next support is 6400 +/- 200 points
- this week, VIX dropped and
- AD improved
- this means selling may subside or bears are not comfortable with new trades
- so far a relief rally / retest of 10000 has not happened
- don't know if and when it will happen
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfuMldbyUNVwmEukSq31EA3uqqBMJkWSW33tp28Dn3wHlTNEyz7yt7u6zcE3vCiAF4sGIHVNoRzht61KXzIUhHAqRknZY8dg0tfCq6B8dtjeNT5cid6nSzOdwt4KbFjk8jom-9dz0r7956/s640/a.png)
- this week, nifty failed to trade above last week's blue bar
- so we now have resistance around 9000 and
- support around 7500
- below 7500, next support is 6400 +/- 200 points
- this week, VIX dropped and
- AD improved
- this means selling may subside or bears are not comfortable with new trades
- so far a relief rally / retest of 10000 has not happened
- don't know if and when it will happen
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfuMldbyUNVwmEukSq31EA3uqqBMJkWSW33tp28Dn3wHlTNEyz7yt7u6zcE3vCiAF4sGIHVNoRzht61KXzIUhHAqRknZY8dg0tfCq6B8dtjeNT5cid6nSzOdwt4KbFjk8jom-9dz0r7956/s640/a.png)
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