May 29, 2020

Market outlook

Daily charts:
- markets are rangebound
- today nifty closed 1% in positive at 9580
- AD was 2:1

- discount on nifty futures increased to 100 points at close
- this is something I have seen after a very long time
- a high discount means long positions in stocks are hedged with short position in futures
- low chance of markets falling from here... just a guess


5 min charts:


15 min charts:





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