Daily charts:
- nifty gives a sell signal today
- the buy signal generated on 9-APR at 9112 gets closed as swing low of 9000 is violated on closing basis
- the kplswing signal generated on 29-APR at 9553 gives a whipsaw as SL hit today
- it was expected and indicated that buy signal will fail and that is what has happened
- this sell signal can get whipsawed if today's losses are completely recovered in next 1-2 days
- markets closed 3.4% in negative at 8823
- AD was 2:7
- next supports 8500-8000-7500
- resistance 9500-10000
With kplswing indicator
5 min charts:
- short on break of 9050 F and 8900 F
- exit on trailing SL
15 min charts:
- nifty gives a sell signal today
- the buy signal generated on 9-APR at 9112 gets closed as swing low of 9000 is violated on closing basis
- the kplswing signal generated on 29-APR at 9553 gives a whipsaw as SL hit today
- it was expected and indicated that buy signal will fail and that is what has happened
- this sell signal can get whipsawed if today's losses are completely recovered in next 1-2 days
- markets closed 3.4% in negative at 8823
- AD was 2:7
- next supports 8500-8000-7500
- resistance 9500-10000
With kplswing indicator
5 min charts:
- short on break of 9050 F and 8900 F
- exit on trailing SL
15 min charts:
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