January 17, 2018

Market outlook

Daily charts
- trend is up on daily charts
- today, Nifty closed 0.8% in positive at 10788
- but AD was flat. Why?
- swing low support 10600
- option writing support 10500... may increase to 10700





5 min charts
- break of yesterday's low was sell signal
- I missed this due to some client call
- the break was immediately reversed... shorter's trap.... see black arrow
- I traded long at second arrow... cover at close



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