August 31, 2020

NIFTY + BANKNIFTY monthly charts

- this weekend I posted the monthly chart for nifty
- I wrongly assumed the month was over
- and I said what difference would a day make

- how wrong was I
- as nifty fell 400 points intraday

- here is the monthly chart
- this just shows selling at higher levels

- fall of March has taken 4 months for retracement
- no other conclusion

- index unable to sustain above 24000

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