Saturday, July 11, 2020

Nifty chart



 why 10827-845 was strong resistance? hit 10811 on 06/7/2020
hit 10813 on 07/7/2020
hit 10847 on 08/7/2020

hit 10836 on 09/7/2020
hit 10819 on 10/7/2020




 Why nifty struggline to close above 10827
because7511-9889 swings 138.2% at 10797
10046-9544 swings 261.8% at 10858

extension of same swing's 138.2% at 10843
swings 8806 10238 swings 138.2% at 10909




why 10550 was strong support?. because 12430-7511 swings 61.8% at 10555 [that is why strong selling from here to 10194, and breakout done on 3/7/2020 with gap above this number and low maintained 10562 , past 5 days [whole week] sideways and range bound from 10676-10847