- the previous buy signal got stoplossed
- the current buy signal will get stoplossed if nifty closed below 5 or 10 bar low (your choice)
- swing low 11500.... good support
- today nifty closed 1.8% in positive at 12120
- AD was healthy at 3:1
- VIX dropped 10% to 21
- note we had lot of big red bars from 12000 levels
- this was indicative of large selling
- now that 12000 is taken out, it should offer support
- note complete reversal of today's gains and closed below 12000 will
- lead to formation of pin bar
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