July 14, 2020

NIFTY EOD charts

- nifty closes 1.8% in negative at 10607
- AD was 1:3
- VIX up 6%

- past 6 days, markets were trading in a very small range
- volatility expansion happened today and markets broke the low of the range

- persistently high PE was a worrying cause and
- AD was not supporting uptrend

- looking forward, lower trendline of rising wedge to give support
- this will break
- break of 10500 will lead to bigger fall

No comments:

Post a Comment

Share this...