August 3, 2020

NIFTY EOD charts

- trend is up on daily charts and
- will reverse on close below 10500
- earlier I mentioned as trend being down... this was a mistake
- however trailing SL is hit for long position
- but short trade will happen on close below 10500

- today nifty closed 1.6% in negative at 10900
- AD was a surprise.... 5:4
- so there is lot of buying outside the midcap/ largecap space

The kplswing indicator will take some more time for a sell signal... however trailing SL for a long position would be hit today

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