Daily charts:
- trend is up on daily charts
- markets closed marginally in positive at 10402
- AD was flat
- option writing support 10000
- expecting resistance around 10500
- if markets reverse from 10500, correction to 10200 possible.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmsrMD4PeEpl3iGQRMyP3WDoBhjB9Mfrl00QjAuVerdUEuU-cYzGMivqxJS-W3GPSD_5RZQBS6r5WKsdrJh23xaq_YoLsKYoeI-eHK7TaT5mH1mzLiUYw3zW6VQOod7ao4wuObQ5evQG8/s640/a.png)
5 min charts
- breakout above prev day's high was buy signal
- but markets could not sustain
- rangebound trading thereafter
- I expect selling pressure as markets approach 10500 levels so doing nothing may be a good idea
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj20HBBoWFzrF6NkumzPLsV9VcYbb_bBpfkk6HPe_bMnVoePD4dWeCeKmtlUkw61ywoqqTs0EjMdadjS3uK7aGeTj8SXsh58pwNy5koKW9TZzS43XBIIbd1tvkFv_BAzA5OsrbodS07_u8/s640/a.png)
15 min charts
- trend is up
- range compression so false signals possible
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-mXUeuQh5wqQK1b4lxKFPUm5iGvzVMS8SoRFIiJ5L3TiYyDbKgMmSopVl5Xj_mwCfvlUavTUMDbjgYUz4QXSFKf1ZAcYlwEWHGVJZwxvLt30_TjlYGiVwkW18hwkc6rAE9N76eLuDV1M/s640/a.png)
- trend is up on daily charts
- markets closed marginally in positive at 10402
- AD was flat
- option writing support 10000
- expecting resistance around 10500
- if markets reverse from 10500, correction to 10200 possible.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmsrMD4PeEpl3iGQRMyP3WDoBhjB9Mfrl00QjAuVerdUEuU-cYzGMivqxJS-W3GPSD_5RZQBS6r5WKsdrJh23xaq_YoLsKYoeI-eHK7TaT5mH1mzLiUYw3zW6VQOod7ao4wuObQ5evQG8/s640/a.png)
5 min charts
- breakout above prev day's high was buy signal
- but markets could not sustain
- rangebound trading thereafter
- I expect selling pressure as markets approach 10500 levels so doing nothing may be a good idea
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj20HBBoWFzrF6NkumzPLsV9VcYbb_bBpfkk6HPe_bMnVoePD4dWeCeKmtlUkw61ywoqqTs0EjMdadjS3uK7aGeTj8SXsh58pwNy5koKW9TZzS43XBIIbd1tvkFv_BAzA5OsrbodS07_u8/s640/a.png)
15 min charts
- trend is up
- range compression so false signals possible
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-mXUeuQh5wqQK1b4lxKFPUm5iGvzVMS8SoRFIiJ5L3TiYyDbKgMmSopVl5Xj_mwCfvlUavTUMDbjgYUz4QXSFKf1ZAcYlwEWHGVJZwxvLt30_TjlYGiVwkW18hwkc6rAE9N76eLuDV1M/s640/a.png)
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