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

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