NIFTY EOD charts

- nifty closed 0.8% in negative at 14906

- AD was flat

- so nifty could not sustain above 15000

- tomorrow is Friday so we will see if a weekly close happens above 15000 or not

- if markets continue down, then this would set up base for rising wedge

- in this case, break of lower trendline can lead to a bigger correction

- Incidentally there was a buy signal on kplswing indicator

- this has failed today