August 22, 2016

Market outlook

Daily chart
- nifty trading rangebound
- this can persist for few more days
- I am expecting a correction
- confirmation will be break of 8480
- but option writing as of now is not hinting any correction
- this might some more time doing nothing

5 min charts
- break of initial trading range was sell signal
- cover on breakout around 1pm

No comments:

Post a Comment

Share this...