June 25, 2020

NIFTY EOD charts

- NIFTY is trading within rising wedge
- today markets opened gapup down but closed flat at 10289
- AD was 5:4

- gapdown was because of prev day engulfing bar
- and bad global clues
- but the first bar saw lot of buying trapping the new short traders

- trading range was limited to 10200-10350

- going forward, I expect the lower trendline to offer support
- difficult to assign a value to this

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