January 18, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed flat at 10987
- this is 3rd day of flat closing
- AD was 5:12

- Reliance, an index heavyweight was up 4% today
- if Reliance was flat today, nifty would have closed 90 points in the red

- other indices were in red today

- option writing support 10500 resistance 11000 (highest OI)
- 11000 is likely to offer stiff resistance





5 min charts:
- did nothing in anticipation of a rangebound market
- market traded within range of prev day



15 min charts:



30 min charts:

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