March 13, 2018

Market outlook

Daily charts
- trend is down on daily charts
- NIFTY closes flat at 10427
- formation of higher high higher lows is intact
- AD was positive at 2:1
- option writing support 10000 resistance 10500

5 min charts
- traded long on range breakout
- exited in circled area
- took short trade on breakdown (after bar completion)
- immediately covered in next 8-10 min as there was buying around 10400 levels

15 min charts
- trend reversal on 15 min charts
- a big bar in opposite direction usually leads to trend reversal
- SL 10500 F
- if 10380 F does not break tomorrow, then I will consider this as a false signal

Same chart with kplswing indicator

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