- today nifty opened gapup but closed 1.5% in negative at 12858
- in the process, a huge engulfing bar was formed.
- this has happened few times in the past but it led to no further correction
- AD was 1:2 (not bad)
- VIX shot up 10% to 23
- negative divergence on RSI chart
- swing low 12700
- support 12500-12000
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