January 23, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.8% in negative at 10830
- AD was 7:11

- Options: highest OI at 11000 CE and then 10500 PE

- notice trendline on chart
- as long as this holds, nothing to worry

5 min charts:
- break of range was sell signal
- did not trade today due to multiple fail signals in this zone
- price action traders would have shorted near day's high and covered around 10890

Same chart with kplswing indicator

Hourly charts:
- all signals have failed this month
- will this one succeed?

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