June 14, 2018

Market outlook

Daily charts:
- trend is down on daily charts
- today NF closed  0.5% in negative at 10808
- AD was flat
- option writing support 10700

- notice how option writing support is increasing over past few weeks

5 min charts
- my today's trades are posted at https://www.vfmdirect.in/2018/06/nifty-intraday-14-jun-2018.html

- today's market offered similar trades using hourly swing and kplswing indicator

- just posting charts for reference

Hourly swing charts offer an easy indicator-free style of trading.

Same chart with kplswing indicator... I am not showing trailing SL as it makes chart messy.

15 min charts:
- rangebound market seen
- support at 10775 F still holds
- simple 10 bar trailing SL helps keep losses small/ lock profits

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