January 18, 2018

Market outlook

Daily charts
- trend is up on daily charts
- today, nifty opened gapup but closed near day's low
- close was 0.3% in positive at 10817
- AD was bad at 1:6
- there is no visually obvious swing low (10000 is too far)
- immediate supports 10600-10400
- option writing support 10500

5 min charts
- traded long, got stopped out
- no clear signal for a short trade
- perhaps the bar marked with green arrow could be considered a short entry

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