January 1, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.4% in positive at 10910
- AD was 10:7
- option writing support 10500




5 min charts:
- traded short on first bar
- stopped out on trailing SL around 10875 F
- ignored buy signal as it came near resistance (last 2 days low/ support)
- missed rally; decided not to chase the market

- lesson learned: focus on size of breakout bar; this was big




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