August 4, 2016

Market outlook

Daily charts
- trend is up on daily charts
- markets indifferent to GST bill passage
- sometimes such historic events on charts appear as small blips
- option writing support 8500 resistance 9000 remains

5 min charts
- initial trading range not crossed during the day
- nevertheless attempted 3 trades (2 long and 1 short)
- arrows show regions where trades were taken
- these shd have ideally given a profit of min 2K but failed due to silly exit/ SL.

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