March 6, 2018

Market outlook

Daily charts
- trend is down on daily charts
- today NF closed 1% in negative at 10249
- AD was 1:5
- Nifty has now broken and closed below this month's rectangle
- Nifty is also now at this year low.
- expect stiff resistance at 10600/ also swing high
- expect some more correction to 10000 levels
- region of 10000-10100 will provide good support

5 min charts
- recall I was long from yesterday
- trailing SL hit at first line
- thereafter markets traded in a range
- break of range was short trade (2nd arrow)
- covered at close

15 min charts

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