May 4, 2018

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 0.6% in negative at 10618
- AD was 7:11
- today completes 2 days of lower high lower low formation

- option writing resistance 11000

5 min charts
- rangebound market
- short trade at arrow would have given negligible profits

- did not trade today / travelling

15 min charts
- though trend is down, I am sensing some bullishness
- markets are opening weak but there is no selloff
- instead at every dip some buying is coming

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