June 25, 2018

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.6% in negative at 10762
- AD was 1:3
- option writing support 10700 resistance 11000

- note nifty is taking support at lower trendline of rising channel

5 min charts:
- getting fed up of markets
- very narrow ranges so signals likely to fail
- today watched the market but did not open trading terminal
- let's see if some action happens tomorrow

Price action traders may have got a short trade in circled area

15 min charts
- all whipsaws so this means markets are still rangebound

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