Daily charts
- trend is down on daily charts
- today NF closed 0.3% in negative at 10458
- AD was negative
- swing low 10250 ... swing high 10650
- option writing resistance 10700-10800
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguA6NIfPIfvTb3ixmqZGyFqsxy8MYvpZGh2euIXyntH5MHkHEy5-s0hKslzDtM-R4uwbR5pxHSLIQ4nCFxzJeoCtecq00le0t3RJWPssmJZOCpy-mti7xngyj3zdWbVP42EFEUPWaxr58/s640/a.png)
5 min charts
- note market was taking support around 10465-10470F
- took long position as per first arrow and covered around 10500
- see selling around 10530 F.. this was also day's high and markets reversed from here
- took short position as per second arrow and covered at close
- third arrow shows another short trade setup
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDad0xH3X0YtOfTS0CmdHsjjRngCMlekgqxt2shr71xFJJFmR0BsEopsT2xeA_NIM1ObNCv_X2b6ZpCAZVNtkdDFXt7rQDQWHW2pWBxFi1ec9rC-FNW7pyJpcOW_GeN-H2LWACZF5mqi4/s640/a.png)
15 min charts
- trend is now down on 15 min charts
- circled areas show significant bar reversals.... these form tops/ resistances
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAGWRigsfgQwMrGfuOV-H4xPAX9qSZtVlUSzU2dg5jBEodJ1wne9dJwZceic_iY8thkVduASB6s1SvKFrEuryVOg1GR9ImWQk3oDXYIf7WFI-Y_DGLVTZnwGlB61EI-4agjBKUkkVREr8/s640/a.png)
- trend is down on daily charts
- today NF closed 0.3% in negative at 10458
- AD was negative
- swing low 10250 ... swing high 10650
- option writing resistance 10700-10800
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguA6NIfPIfvTb3ixmqZGyFqsxy8MYvpZGh2euIXyntH5MHkHEy5-s0hKslzDtM-R4uwbR5pxHSLIQ4nCFxzJeoCtecq00le0t3RJWPssmJZOCpy-mti7xngyj3zdWbVP42EFEUPWaxr58/s640/a.png)
5 min charts
- note market was taking support around 10465-10470F
- took long position as per first arrow and covered around 10500
- see selling around 10530 F.. this was also day's high and markets reversed from here
- took short position as per second arrow and covered at close
- third arrow shows another short trade setup
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDad0xH3X0YtOfTS0CmdHsjjRngCMlekgqxt2shr71xFJJFmR0BsEopsT2xeA_NIM1ObNCv_X2b6ZpCAZVNtkdDFXt7rQDQWHW2pWBxFi1ec9rC-FNW7pyJpcOW_GeN-H2LWACZF5mqi4/s640/a.png)
15 min charts
- trend is now down on 15 min charts
- circled areas show significant bar reversals.... these form tops/ resistances
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAGWRigsfgQwMrGfuOV-H4xPAX9qSZtVlUSzU2dg5jBEodJ1wne9dJwZceic_iY8thkVduASB6s1SvKFrEuryVOg1GR9ImWQk3oDXYIf7WFI-Y_DGLVTZnwGlB61EI-4agjBKUkkVREr8/s640/a.png)
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