September 10, 2018

Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed 1.3% in negative at 11438
- AD was 1:2 (not bad)
- option writing resistance 11800 (highest) and support 11500 (next highest)

- note 3 hammers formation was not considered as a good sign
- below 11400, correction possible to 11200-11000

5 min charts:
- gap down and not gap up opening provided a strong bearish case
- bought 11600 PR on 3rd bar as first 2 bars failed to create any buying
- covered on trailing SL
- bought 11500 PE as per 2nd green arrow (in parts)
- covered on trailing SL
- bought 11600 CE 2 lots... stopped out in first trade

- after 2.30pm, datafeed started acting up... switched off

My trades:
- following the swing indicator and with pyramding at every 10 points fall would have given more profits

Same chart with kplswing indicator

15 min charts:
- trend is down
- SL 11550 F

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