December 20, 2018

Market outlook

Daily charts:
- trend is up on daily charts
- today, markets opened gap down 0.7% and closed flat
- AD was flat
- VIX dropped 3%

- option writing support 10000 resistance 11000

- note: past few days/ weeks, global markets have been negative yet Indian markets are consistently very strong. Every gap down or panic low is being bought into and any rally is supported by AD. VIX too has been falling. Let us see how much more strength the bulls/ bears have.




5 min charts:
- posting charts from tradingview as my data is corrupted
- this is spot chart

- rising channel seen (looks better in future)
- this can have bearish implications


15 min charts:



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