June 19, 2020

NIFTY EOD charts

- nifty is rangebound between 9500 and 10500
- today markets closed 1.5% in positive at 10244
- AD was 2:1

- VIX dropped 5% to 30

- rising wedge seen on charts
- this limits upside to 10500-10600 (upper trendline)
- break of lower trendline will lead to a big correction

- nifty PE ratio is around 25


No comments:

Post a Comment