November 7, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 1%  in negative at 10352
- this reversal knocked off last 3-4 days gains.
- bearish engulfing bar?
- AD was 1:3
- support 10000
- deep support 9700

- reduction in put OI seen across most strikes
- highest OI still remains at 10000 put




5 min charts
- missed first short signal
- traded long (2nd arrow) and covered in circled area
- long was considered as NF was taking support at prev day's low 10440
- took short trade (3rd arrow)
- covered in 2nd box

- tomorrow, trading above 10440 F will be bullish else down

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