January 25, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty opened gapup but closed in negative at 10780
- AD was 5:13

- option writing resistance 11000

- VIX down 1%.. no fear?

5 min charts:
- signals as per chart
- did not trade the short signal

- reason: markets are approaching end of triangle on hourly charts and
- whipsaws can increase
- policy of not trading in past 8-10 days has helped as there was no loss of money

- sitting in front of terminal whole day and doing nothing for days is very difficult but one must learn

- I think now markets may breakout from triangle and present good trading opportunities

Hourly charts:
- show how rangebound the market has been this month

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