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 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 WEEKLY ROUNDUP: NIFTY IS IN A STATE OF CORRECTION

1. The bias in weekly time frame is positive;
2. Nifty continues to be in a state of uptrend;
3. Supports could be placed around 11800;
4. current correction might not be over as yet;

THE WEEKLY ROUNDUP: DOJI IN ALL TIMEFRAMES

1. The Bias is positive
2. The uptrend has paused
3. Resistances beyond 12-080
4. Supports between 11-760 and 11-810