March 20, 2018

Market outlook

Daily charts
- trend is down on daily charts
- today NF closed 0.3% in positive at 10124
- AD was negative
- option writing support 10000 resistance 10500





5 min charts
- rangebound market
- traded long in first breakout
- stopped on trailing SL
- this was the only profitable trade
- first short trade got stopped out in loss
- next short trade was marginally profitable
- overall... nothing much to talk about



15 min charts
- here kplswing gave a buy
- normally a new signal after a long and profitable prev signal gives a loss
- so far signal is valid

- above 10200, there should be strength in market

No comments:

Post a Comment