THE WEEKLY ROUNDUP: LOSING MOMENTUM

Price Action: On Mon 02 Dec 2019, the CNX Nifty Index opened at 12137.05 ( 214.59 Points Higher than Previous Opening Price ) , made a high of 12137.15 ( -22 Points Lower than Previous High ) it made a low of 11888.85 ( -31 Points Lower than Previous Low ) closed at 11921.5 ( -135 Points Lower than Previous Close ). The Volumes were 3,245,378,437 ( -13% Lower than last week, and about 20.2% Higher than Average. The Volume figures were about 73.51% of Standard Deviation Above the Mean, and it was not an outlier figure. Nifty closed in the Q1, the First Quartile of it's True Range. The Color of the candle was Black with the wick was equal to 0.1 Points, and the body was equal to 215.55 and lower shadow was equal to 32.65

1. Bias is neutral
2. Nifty is in uptrend
3. Supports could be between 12,737 -12,786
4. Nifty could get oversold below 10-800
5. Surprise bounces and sideways movements are here to stay, for some more time

THE DAILY INDICES ROUNDUP: DEEP CORRECTION

Price Action: On Fri 06 Dec 2019, the Nifty50 Index opened at 12047.35 ( -23.89 Points Lower than Previous Opening Price ) , made a high of 12057.05 ( -25 Points Lower than Previous High ) it made a low of 11888.85 ( -110 Points Lower than Previous Low ) closed at 11921.5 ( -97 Points Lower than Previous Close ). The Volumes were 609,221,205 ( 8% Higher than last trading session, and about -9.6% Lower than Average. The Volume figures were about -29.24% of Standard Deviation Below the Mean, and it was not an outlier figure. Nifty closed in the Q1, the First Quartile of it's True Range. The Color of the candle was Black with the wick was equal to 9.7 Points, and the body was equal to 125.85 and lower shadow was equal to 32.65

THE DAILY INDICES ROUNDUP:BOUNCE WAS A RESULT OF SHORTCOVERNG

Price Action: On Thu 05 Dec 2019, the Nifty50 Index opened at 12071.25 ( 101.29 Points Higher than Previous Opening Price ) , made a high of 12081.2 ( 26 Points Higher than Previous High ) it made a low of 11998.75 ( 63 Points Higher than Previous Low ) closed at 12018.4 ( -25 Points Lower than Previous Close ). The Volumes were 562,228,745 ( -25% Lower than last trading session, and about -17.1% Lower than Average. The Volume figures were about -52.53% of Standard Deviation Below the Mean, and it was not an outlier figure. Nifty closed in the Q2, the Second Quartile of it's True Range. The Color of the candle was Black with the wick was equal to 9.95 Points, and the body was equal to 52.85 and lower shadow was equal to 19.65

THE DAILY INDICES ROUNDUP:NIFTY APPRAOCHING PREVIOUS WEEK LOW ON THINNER VOLUMES

Price Action: On Tue 03 Dec 2019, the Nifty50 Index opened at 12067.65 ( -69.39 Points Lower than Previous Opening Price ) , made a high of 12068.6 ( -69 Points Lower than Previous High ) it made a low of 11956.4 ( -68 Points Lower than Previous Low ) closed at 11994.2 ( -54 Points Lower than Previous Close ). The Volumes were 605,789,334 ( -16% Lower than last trading session, and about -11.1% Lower than Average. The Volume figures were about -34.26% of Standard Deviation Below the Mean, and it was not an outlier figure. Nifty closed in the Q2, the Second Quartile of it's True Range. The Color of the candle was Black with the wick was equal to 0.95 Points, and the body was equal to 73.45 and lower shadow was equal to 37.8

THE DAILY INDICES ROUNDUP: INSIDE DAY - RUNNING CORRECTION?

Price Action: On Mon 02 Dec 2019, the Nifty50 Index opened at 12137.05 ( -9.15 Points Lower than Previous Opening Price ) , made a high of 12137.15 ( -11 Points Lower than Previous High ) it made a low of 12023.7 ( 6 Points Higher than Previous Low ) closed at 12048.2 ( -8 Points Lower than Previous Close ). The Volumes were 720,945,335 ( -10% Lower than last trading session, and about 5% Higher than Average. The Volume figures were about 15.37% of Standard Deviation Above the Mean, and it was not an outlier figure. Nifty closed in the Q2, the Second Quartile of it's True Range. The Color of the candle was Black with the wick was equal to 0.1 Points, and the body was equal to 88.85 and lower shadow was equal to 24.5

THE WEEKLY INDICES ROUNDUP: BIAS TURNS NEUTRAL

1. The bias turns Neutral
2. Even if Nifty falls by 12000 points, the uptrend remains intact
3. For Kelly adjustment, a weekly close above 12-120 is required
4. Overbought above 12-350
5. Supply above Upper Bollinger Band, which is at 12135 ± 15

THE DAILY INDICES ROUNDUP: SHARP CORRECTION ON EVEN LOWER % VOLUME

Price Action: On Fri 29 Nov 2019, the Nifty50 Index opened at 12146.2 ( 14.1 Points Higher than Previous Opening Price ) , made a high of 12147.4 ( -12 Points Lower than Previous High ) it made a low of 12017.4 ( -83 Points Lower than Previous Low ) closed at 12056.05 ( -96 Points Lower than Previous Close ). The Volumes were 804,430,391 ( 30% Higher than last trading session, and about 17.5% Higher than Average. The Volume figures were about 53.7% of Standard Deviation Above the Mean, and it was not an outlier figure. Nifty closed in the Q1, the First Quartile of it's True Range. The Color of the candle was Black with the wick was equal to 1.2 Points, and the body was equal to 90.15 and lower shadow was equal to 38.65