June 22, 2018

Market outlook

Daily charts:
- trend is down on daily charts
- today, NF closed 0.75% in positive at 10837
- so far, lower trend line is still providing support
- AD was flat (slightly negative)
- option writing support 10700 resistance 11000

5 min charts:
- breakout from range was buy signal
- but the breakout bar had selling so I ignored the signal
- subsequent bars also showed selling
- the real breakout came after 2 pm

- I could not take this as my internet was giving problems around 2pm
- missed around 40 points of a good move

Same chart with kplswing indicator

15 min charts:
- too many signals are failing now as market is rangebound
- last 2 signals were at breakeven

- note N=20 for entry and N=10 for SL

No comments:

Post a Comment

Share this...