- trend is down
- this week, nifty failed to trade above last week's blue bar
- so we now have resistance around 9000 and
- support around 7500
- below 7500, next support is 6400 +/- 200 points
- this week, VIX dropped and
- AD improved
- this means selling may subside or bears are not comfortable with new trades
- so far a relief rally / retest of 10000 has not happened
- don't know if and when it will happen
- this week, nifty failed to trade above last week's blue bar
- so we now have resistance around 9000 and
- support around 7500
- below 7500, next support is 6400 +/- 200 points
- this week, VIX dropped and
- AD improved
- this means selling may subside or bears are not comfortable with new trades
- so far a relief rally / retest of 10000 has not happened
- don't know if and when it will happen
No comments:
Post a Comment