October 29, 2020

NIFTY EOD charts

- today markets opened gap down and closed 0.5% in negative at 11671
- first 15 min low provided good support during the day

- AD was 1:2

- region of 11500-11600 expected to provide good support this week (and maybe next also)

- ATR(14) is 173 meaning min SL of 350 points required for a positional trade using EOD charts
- in percentage terms, this is 3% and is quite low.

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