November 5, 2020

NIFTY EOD chart

- new buy signal today
- the previous buy signal got stoplossed
- the current buy signal will get stoplossed if nifty closed below 5 or 10 bar low (your choice)
- swing low 11500.... good support

- today nifty closed 1.8% in positive at 12120
- AD was healthy at 3:1
- VIX dropped 10% to 21

- note we had lot of big red bars from 12000 levels
- this was indicative of large selling
- now that 12000 is taken out, it should offer support

- note complete reversal of today's gains and closed below 12000 will 
- lead to formation of pin bar



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