May 8, 2018

Market outlook

Daily charts
- trend is up on daily charts
- today NF closed flat at 10718
- AD was 2:3
- option writing support 10500 resistance 11000
- immediate swing low 10600




5 min charts
- initial bias was towards short trades
- break of range was short signal
- cover on trailing SL
- small loss



Short signal as per kplswing indicator



15 min charts
- trend is up
- support 10675 F
- resistance 10800



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