August 26, 2016

Market outlook

Daily charts
- trend is up on daily charts
- markets rangebound and trading near support
- option writing support 8500 resistance 9000


5 min charts
- first bar of the day gave good hint of a weak market
- first 2 arrows show areas where short trades were taken
- covered short trade when low of day 8605 broke and NF recovered immediately

Position log .... squared off everything. Last trade was a loss.

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