October 8, 2020

NIFTY EOD charts

- trend is up on daily charts
- today nifty closed 0.8% in positive at 11835
- AD was 4:5

- despite gapup opening, markets closed flat  forming a doji

- of late, AD is not encouraging as markets are moving higher
- and we have heavyweights leading the rally turn by turn
- one day it was TCS, next day Reliance, then HDFC twins and so on
- today it was TCS and HDFCBANK

- note region of 11000-12000 is a huge congestion area for almost 3 years

- an interesting observation
- nifty has gained 1000 points in less than 10 days
- and most of the gains were in overnight gapups

No comments:

Post a Comment

Share this...