November 11, 2020

NIFTY EOD charts

- trend is up on daily charts
- today nifty closed 0.9% in positive at 12749

- AD was 5:4

- rally has been very strong with 7 consecutive green bars and
- 6 gap ups

- 2 hanging man bars formed
- but till we have a break below 12500 I will not be worried

- nifty is up almost up 10% this month
- a consolidation of 1-2 weeks cannot be ruled out



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