May 15, 2018

Market outlook

Daily charts
- trend is up on daily charts
- markets closed flat at 10802
- lot of selling seen at higher levels.. possible top?
- AD was 1:2
- option writing support 10500 resistance 11000



5 min charts
- breakout from range was buy signal
- trailing SL hit around 10900
- any level above 10900 was a good short
- cover at close

- did not trade today thanks to some malaware issues i am facing since yesterday.



Same chart with kplswing indicator



15 min charts
- more correction possible if 10785 breaks



No comments:

Post a Comment