November 25, 2020

NIFTY EOD chart

- trend is up on daily charts
- today nifty opened gapup but closed 1.5% in negative at 12858
- in the process, a huge engulfing bar was formed.
- this has happened few times in the past but it led to no further correction

- AD was 1:2 (not bad)
- VIX shot up 10% to 23

- negative divergence on RSI chart

- swing low 12700
- support 12500-12000



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