August 10, 2018

Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed  0.5% in negative 11430
- AD was 1:2
- option writing support 11000

- note that even as markets have moved to 11400+ levels, option writing support has not increased
- this means writers are bullish but expect a small correction such that 11000 will not break

5 min charts:
- traded long as per signal
- got stopped out on down spike
- fortunately did not trade long at green arrow
- no short trades

- later on I came to know from someone the spike was caused by SBIN

15 min charts:
- trend is down
- SL 11480 F

No comments:

Post a Comment

Share this...