October 16, 2020

NIFTY EOD charts

- today nifty closed 0.7% in positive at 11762
- AD was 2:1

- most probably this was a dead cat bounce
- region of 11500-11600 is a support area
- if this breaks next week, expect a deeper correction

- note that kplswing indicator is still showing trend as bullish
- however a trailing SL at 5 bar low got triggered yesterday
- 10 bar trailing SL will be at 11500 after 1-2 trading days



No comments:

Post a Comment

Share this...