June 6, 2018

Market outlook

Daily charts:
- trend is down on daily charts
- today NF closed 0.9% in positive at 10685
- AD was 2:1
- VIX down 5%
- option writing support 10600 resistance 11000

5 min charts:
- did not trade today as there was some RBI related event
- in the past, I have always been stopped out
- no reason to let history repeat

- one has to be very fast with trades and I don't have that ability

- buy above 10am high or above 10640 F was buy signal
- this got stopped out around 2.40pm
- any short signal at this time would also be stopped out

Same chart with kplswing indicator

15 min charts:
- trend is up support 10600

No comments:

Post a Comment

Share this...