July 13, 2018

Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed flat at 11019
- AD was 1:2
- this is second consecutive close above 11000
- gap providing support
- but we have 3 gaps this month

- option writers still bullish... aggressive put writing seen
- option writing support 10600




- Selling continues in midcaps and small caps



5 min charts:
- first day trades using first hour high low strategy
- short signal at 10.10 am bar (11013) SL 11060 F
- cover at close at (11020)
- loss 7 points

My trade sheet - small loss in puts. My set limit for loss is 2500/- for a day.



Chart:



Same chart with kplswing indicator



15 min chart:
- indicator gives a sell as market is rangebound and trading within prev day's range

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