Daily charts:
- trend is up on daily charts
- today nifty closed 1.5% in negative at 11843
- AD was 5:13 (not bad)
- selling was across the board/ all indices/ sectors
- VIX down 1.5% .. no fear?
- now we have multiple supports around 11500 and then nearest at 11800 spot
- since I need to keep SOME sl, I am keeping this at 11800
- note there is no conviction in bulls above 12000
- though index has closed twice above this, fresh buying is not coming in
- PE around 30 is very negative for long term investors
- I am talking about high for PE for several weeks (if not months)
5 min charts:
15 min charts:
30 min charts:
60 min charts:
- trend is up on daily charts
- today nifty closed 1.5% in negative at 11843
- AD was 5:13 (not bad)
- selling was across the board/ all indices/ sectors
- VIX down 1.5% .. no fear?
- now we have multiple supports around 11500 and then nearest at 11800 spot
- since I need to keep SOME sl, I am keeping this at 11800
- note there is no conviction in bulls above 12000
- though index has closed twice above this, fresh buying is not coming in
- PE around 30 is very negative for long term investors
- I am talking about high for PE for several weeks (if not months)
5 min charts:
15 min charts:
30 min charts:
60 min charts:
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