August 8, 2018

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 0.5% in positive at 11450
- AD was flat
- option writing support 11000

- defining new swing low at 11200




5 min charts:
- positional long trade gave decent profits
- intraday trade was breakeven



- no open positions
- not comfortable with overnite long in F&O



15 min charts:
- trend is up
- SL now at 11430 F
- very good support around 11380 F




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