August 17, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF traded in small range and closed flat
- AD was marginally positive
- formation of higher high higher low still intact (3rd day)
- swing low support 9700
- expecting resistance around 10000

5 min charts
- rangebound day today
- took a short trade near arrow and added 2 more on next candlesticks
- exited at minor profit
- next long trade was breakeven
- overall a lacklustre day

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