April 26, 2018

Market outlook

Daily charts
- trend is up on daily charts
- today NF closed 0.4% positive at 10618
- AD was negative
- close was above 10500.... this means option writers won again this series
- next series, option writers are bearish and see limited upsides - 11000 resistance.




5 min charts
- already indicated I will not be trading most of this week
- markets continued to trade in  a range - this was along expected lines

- see how markets traded with high low of previous day and how today's market was in a very narrow range



15 min charts
- trend is up
- support 10525 F



Hourly charts
- trend is up with SL at 10525 F
- if we get a good breakout, the upper end of range should provide support

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