Thread by @sumitverma29

Today 4/5 guys are calling a market Bottom. #Nifty

They must be really smart if that happens.

Now at 11375 .... #Nifty .. 5/5 guys are saying Nifty bottom done.

Now at 11275 again... 5/5 guys are silent about their LONGs.. #NIFTY

(75min chart of Nifty attached)

3/5 guys now says Selling is almost over. We must see a strong rebound (looking at US and Nikkie rally yesterday). #BearTrap scenario.
Expiry should be between 11400-11500.
#Nifty

Today @ close.. 5/5 guys were silent. But @ 5pm after looking at USDINR and India's 10 year Bond yield.. They say "Now the bottom done for Nifty.... finally!!!! ".

Note:
USDINR at 15:30pm - 72.84, at 17:00pm - 72.38
10yr Yield at 15:30pm - 8.13%, at 17:00pm - 8.07%
Nifty: 11234

4/5 guys say the Rising GAP will not be filled. Hold long view.

Rising gap on 27 July 2018:
Range 11181-11225.25

#Nifty low 11171.90

All 5/5 guys stopped out.
#nobody talking now.

Revised:

#Nifty low 10866 (cmp 11111)

5/5 guys do not want to talk today. 🤦🏻‍♂️

Breadth (Nifty 500 Stocks):
Advances(500)118
Declines(500)382

Avg. of all stocks:
Nifty100-1.4%
Midcap150-2.1%
Smallcap250-3.4%

> +3% (500):18
< -3% (500):201

#Nifty 75 min chart update

#Nifty weekly chart (as of now)

#Nifty 500 index daily chart - Showing Breakdown failure confirmation

#Nifty weekly 40SMA is at 10790

#Nifty500 chart - 10 SMA as trend signal

#Nifty - completed 30 days below 20 SMA, which is the longest number of days in terms of streak post 2008. Charts of 2018 and 2008 attached.

#Nifty weekly chart

#Nifty weekly setup looks similar to an historical instance. (just an observation)

Updated chart #Nifty weekly

Daily charts of #Nifty and #BankNifty - One is at support and one is near Breakout.

Updated chart of #Nifty and #Banknifty (reversal levels marked)

10800-11000 is a resistance zone.

Updated Chart of #Nifty and #Banknifty (Resistance Zone of 10800-11000 was well respected multiple times)

Updated charts: #Nifty and #Banknifty

Updated charts of Daily and Weekly timeframe of #Nifty and #Banknifty

Updated charts of Weekly timeframe of #Nifty , #Banknifty and #MIDCAP

Uptick in Volatility #NIFTY

#NIFTY : The analog of 2014 is matching with 2019
Observation: Post ELECTION result, market did not see any directional trend for next 10 days in 2014.

Updated chart: #NIFTY

#NIFTY Updated chart.

#NIFTY updated chart