Find the underlying trend and bet on it

Thursday, 28 November 2019

THE DAILY INDICES ROUNDUP: NR20 VIRGIN POC AT 12084.40, 11928.10 AND 11834.40

Price Action: On Wed 27 Nov 2019, the Nifty50 Index opened at 12068.5 ( -41.7 Points Lower than Previous Opening Price ) , made a high of 12114.9 ( -18 Points Lower than Previous High ) it made a low of 12055.15 ( 48 Points Higher than Previous Low ) closed at 12100.7 ( 63 Points Higher than Previous Close ). The Volumes were 584,226,618 ( -51% Lower than last trading session, and about -14.1% Lower than Average. The Volume figures were about -42.43% of Standard Deviation Below the Mean, and it was not an outlier figure. Nifty closed in the Q3, the Third Quartile of it's True Range. The Color of the candle was White with the wick was equal to 14.2 Points, and the body was equal to 32.2 and lower shadow was equal to 13.35

Tuesday, 26 November 2019

THE DAILY INDICES ROUNDUP: BOUNCE ON LOW VOLUMES

Price Action: On Mon 25 Nov 2019, the Nifty50 Index opened at 11922.45 ( -44.84 Points Lower than Previous Opening Price ) , made a high of 12084.5 ( 116 Points Higher than Previous High ) it made a low of 11919.75 ( 36 Points Higher than Previous Low ) closed at 12073.75 ( 159 Points Higher than Previous Close ). The Volumes were 534,289,467 ( 10% Higher than last trading session, and about -18.1% Lower than Average. The Volume figures were about -57.5% of Standard Deviation Below the Mean, and it was not an outlier figure. Nifty closed in the Q3, the Third Quartile of it's True Range. The Color of the candle was White with the wick was equal to 10.75 Points, and the body was equal to 151.3 and lower shadow was equal to 2.7

Monday, 25 November 2019

THE WEEKLY ROUNDUP: NIFTY IS IN A STATE OF CORRECTION

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

THE DAIILY ROUNDUP: CORRECTION ON FALLING VOLUME, VIRGIN POC AT 11832

Price Action: On Fri 22 Nov 2019, the Nifty50 Index opened at 11967.3 ( -58.35 Points Lower than Previous Opening Price ) , made a high of 11968.1 ( -61 Points Lower than Previous High ) it made a low of 11883.5 ( -74 Points Lower than Previous Low ) closed at 11914.4 ( -54 Points Lower than Previous Close ). The Volumes were 486,815,185 ( -13% Lower than last trading session, and about -26.3% Lower than Average. The Volume figures were about -84.58% 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 0.8 Points, and the body was equal to 52.9 and lower shadow was equal to 30.9