April 7, 2021

NIFTY EOD charts

- my last update on 31-MAR when nifty closed at 14690
- on 2-MAR, nifty closed at 14920
- since then nifty has been rangebound and
- today's close has been at 14820

- clearly the market has been very much rangebound
- this has the advantage of support developing around 14500-14000
- resistance is around 15500

- past one week, we are seeing only 1 day up 1 day down action
- whatever trades are there are in 3 min or 5 min intraday charts
- of course, individual stocks have their own action but
- most nifty stocks are merely doing timepass except for metals and pharma

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