November 6, 2018

Market outlook with many charts

Daily charts:
- trend is down on daily charts
- today NF closed flat at 10530
- AD was flat
- VIX down 5%

- option writing support 10000

- Happy Diwali to everyone...  Next update on markets will be on Friday.




On kplswing indicator, the buy level is now 10710... note trailing SL for short trade is already hit (10500 levels approx).



5 min charts:
- I did not trade today as I was travelling
- missed a very good trading day
- funny thing is the best move lasted for 30 min but happened during lunch

- there were 2 hypothetical trades one long and one short
- both presented very good risk return opportunities



15 min charts:
- markets rangebound on this time frame
- trading range is 10500-10620 F



Hourly charts:
- will 10500 break this week?
- can this be a black diwali for bulls?



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