Daily charts:
- trend is up on daily charts
- today nifty closed 1% in negative at 9205
- this was inspite of a gapup opening of 2% plus
- AD was 1:2
- have been saying for a while this is a bear market rally
- all buy signals (indicators) will fail
- rising wedge break means high chance of retest of 7500
- today... continuation bar seen
- below 9000... expect fall to be faster
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdiAP8ep0-Pi43jxsCphxpB5VfHCz4eitMf_Ysynu15sRBBo-P0Rg0HSJ0L1HZ2b02t5mJ1QQGFaeRSjyEePFwyFuyq1oFXitHS90DIuxvg1OXhDSijZ8GY2IjGznK2V1cLvhA8nItT4kG/s640/a.png)
5 min charts:
- today markets traded in prev day's range
- all indicators will fail in a rangebound market
- initiated shorts in circled area
- covered 50% near close and carried forward rest
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiM4lUmSCZISB46IP1jzICzpjFFvRxdMfZM_tWc11ZP0Ivwn7llHReU3U9rearLOU4_4_dyKIItEFY5s7CKscwI1VOxn_2gRvxGdjbzkA2dOVdVUO6fPwkAKQS4vcmKfg05vWfFgWNmnxeR/s640/a.png)
15 min charts:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1lH1tp4P5gdQStYYsDG-kQSNJKACMFERYfHPyteGGsA7rh5nmoMdPFU_QrpMR4lb2sHKzdZrYJPSRpOJ1kTKGe4cNrBl8SNuQP3GVaf6w0SyfOz3ppEBKCIapnyabNx2zJXCZ6gCj7A60/s640/a.png)
- trend is up on daily charts
- today nifty closed 1% in negative at 9205
- this was inspite of a gapup opening of 2% plus
- AD was 1:2
- have been saying for a while this is a bear market rally
- all buy signals (indicators) will fail
- rising wedge break means high chance of retest of 7500
- today... continuation bar seen
- below 9000... expect fall to be faster
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdiAP8ep0-Pi43jxsCphxpB5VfHCz4eitMf_Ysynu15sRBBo-P0Rg0HSJ0L1HZ2b02t5mJ1QQGFaeRSjyEePFwyFuyq1oFXitHS90DIuxvg1OXhDSijZ8GY2IjGznK2V1cLvhA8nItT4kG/s640/a.png)
5 min charts:
- today markets traded in prev day's range
- all indicators will fail in a rangebound market
- initiated shorts in circled area
- covered 50% near close and carried forward rest
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiM4lUmSCZISB46IP1jzICzpjFFvRxdMfZM_tWc11ZP0Ivwn7llHReU3U9rearLOU4_4_dyKIItEFY5s7CKscwI1VOxn_2gRvxGdjbzkA2dOVdVUO6fPwkAKQS4vcmKfg05vWfFgWNmnxeR/s640/a.png)
15 min charts:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1lH1tp4P5gdQStYYsDG-kQSNJKACMFERYfHPyteGGsA7rh5nmoMdPFU_QrpMR4lb2sHKzdZrYJPSRpOJ1kTKGe4cNrBl8SNuQP3GVaf6w0SyfOz3ppEBKCIapnyabNx2zJXCZ6gCj7A60/s640/a.png)
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