January 19, 2018

Market outlook

Daily charts
- trend is up on daily charts
- today nifty closed 0.7% in positive at 10895
- AD was flat. WHY?
- option writing support 10500

- observation ... in most recent 2 red bars, AD was 1:5 (bad) and the following blue bars AD was flat.

5 min charts
- there were 2 range breakouts
- 2nd breakout gave very good profits
- small horizontal line is trailing SL for first long
- this line is drawn to minimise losses
- otherwise top of first range shd provide support

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