January 4, 2018

Market outlook

Daily charts
- trend is up on daily charts
- today NF closed 0.6% in positive at 10505
- AD was 2:1
- notice rangebound movement between 10400 and 10550 for past few weeks
- option writing support 10400 resistance 11000




5 min charts
- NF traded in prev day's range
- recovered prev day's losses
- closed near highs but below prev day's high
- covered overnight longs here
- not being sure about being in market tomorrow



Hourly chart shows rangebound nature of markets

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