May 11, 2021

NIFTY EOD charts

- today nifty closed 0.6% in negative at 14851
- AD was 3:2

- note there was a big gap down opening but 
- there was immediate buying from first bar
- low of first 5 min bar never broke.

- selling was however seen from prev day low
- this provided strong resistance

- tomorrow, holding today's low 14750 would be bullish 

- overall structure seems bullish for a breakout above 15000

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