March 29, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed 0.5% in positive
- but AD was negative
- option writing resistance 9500 (next series)
- I am increasing support to 9000 levels (swing low)
- next support 8850



5 min charts
- markets opened above yesterday's high so bias is long
- since ranges are getting smaller, I am taking small/ fast trades
- breakout from 1st and 3rd box was long trades
- trailing SL gets hit for 1st trade only but still in profit



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