LP Markets Trade Talk: kya bolta hai NIFTY ?

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Nifty continues to trade between the opening and closing of HeikenAshi candles of 26th September’22 marked in red on the chart. Weekly RSI at 51 does not indicate any directional bias which is confirmed by ADX, which measures trend strength and ATR which is a measure of volatility moving down. The direction of ADX and ATR are indicated in the chart.

Weekly Analysis 14thOctober

Chart Courtesy:

Nifty continues to be in wait and watch mode as the entire price action is confined within the open-close range of 26th September’. The Vix came down on Friday by 10%, which is required for the market to move up. As the Vix is a measure of fear in the market and is derived from the option prices, a reduction in Vix favors option sellers as the option prices come down. Though Nifty opened gap-up on Friday but it was not able to sustain on the upside and closed at lowest point of the day. Also, the weekly candle for the week ending 14th October’22 is inside candle of the week ending 7th October’22, which also suggests volatility compression.

Content of the post is solely meant for information and educational purpose. No part of the article should be considered as an advice to trade / invest in stocks and derivatives markets. Readers are advised to consult their registered financial advisors before initiating any trade. Readers should always keep in mind that trading / investing in stocks and derivatives entails risk of capital. The writer or Local Post is not liable and should not be held responsible for any profits or losses emanating from actions taken by the readers in financial markets. Before taking decisions related to trading and investment in financial markets, every reader should consult registered financial advisors.


Amit Kapoor

Amit Kapoor is a Chartered Market Technician ( CMT,USA),level 3 cleared .Having rich experience of almost 2 decades in financial markets in Insurance, Mutual Fund and Banking Industry and is currently advising / helping investors and traders in the field of technical analysis, portfolio creation and reducing risk of investment through the use of F&O. Views expressed are his own. He can be reached out at

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