January 22, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.4% in negative at 10923
- AD was 5:11

- past 5 days, nifty is forming small "hammer" patterns
- trading range is extremely narrow

- option writing support 10900 resistance 11000

5 min charts:
- did not do anything in anticipation of rangebound market
- though there were trading signals today, these were no profit no loss

Hourly charts:
- all markets have done this year is timepass

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