January 1, 2018

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 0.9% in negative at 10423
- AD was positive however it was 1:$ for nifty stocks
- a minor support at 1460 was broken today
- this also created a sell signal on kplswing indicator (N=5)
- next support 10300
- option writing support 10300




5 min charts
- took long position in box area
- stopped out
- size of big red bar forced a short trade
- still holding this trade

- note red bars are getting bigger on 15 min/ hourly charts



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