June 26, 2018

Market outlook

Daily charts:
- trend is down on daily charts
- today NF closed flat at 10769
- AD was 1:2
- option writing support 10700 resistance 11000

- note that for all good news and bad news this month, nifty did not cross the rising channel

5 min charts:
- rangebound market
- despite bad global clues, nifty did not break down from the channel

- skipped the market today/ went for a haircut
- not planned what to do tomorrow in market hours

Same chart with kplswing indicator... horrible signals but this is natural in a rangebound market

15 min charts:

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