April 22, 2021

NIFTY EOD charts

- index trading in a range of 14000-14200
- today despite gapdown opening, nifty managed to close in the positive
- AD was 3:2

- nifty is finding support around lower levels inspite of all the bad news around
- if you see carefully, sideways trading is going for almost 3 months now

- sideways trading is same as timewise consolidation
- normally when this happens, the previous trend resumes

- till then let us wait and watch

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