May 16, 2018

Market outlook

Daily charts
- trend is up on daily charts
- today NF closed 0.6% in negative at 10741
- AD was 3:5
- option writing support 10500 resistance 11000

- today 14 stocks at 52 week high and 260 stocks at 52 week lows (source)




5 min charts
- hourly high low breakout strategy
- traded as per arrows shown
- choppy day with no profit no loss



Same chart with kplswing indicator - almost similar results



15 min charts
- trend is down
- markets could not sustain above 10785 F
- next support 10600 F

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