Daily charts:
- trend is up on daily charts
- today NF closed 0.5% in positive at 10855
- AD was 7:10
- note markets are trading within contracting triangle
- this makes for a difficult trading environment
- we are nearing the end of the triangle
- breakout from here should give a move of 400-500 points
- option writing support 10500 resistance 11000 (highest OI)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOaeZ3SEhcUz7Jt3eITjFMOg5dm8cgLyo1kDLHuYL4kvQweHsiVnf7JdYSqVcYCG6E28G8KLAAmnBMbeyl8tGDl4sIN3Og8j9lWUB7tlVNYluKsj77AbhLNNqjKFaZ9FISzJ2RIa1-iqDy/s640/a.png)
5 min charts:
- first bar showed selling at higher levels
- there was low risk setup for a short trade after 1 pm
- idea was for a positional trade and not intraday
- took a short position and got a fast down move
- trailed SL to breakeven
- stopped out
- there were some other issues faced today
- weird price and volume bars in datafeed
- upstox login not working for quite some time
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjaxLbYyQev4vQWWKnIDj5y_r3cHMCwqol3K9zcrJHr9OG3XnJqkoaGEM1L_AiNUroFo0-lVW2rYHTvjt7cCcfGjm84-uabGiyP0jYafHCX7RtaRO7IUBLD1UmXY-LlpmH4vrvQ5Bg_biE/s640/a.png)
Hourly charts:
- see triangle
- not plotting indicators as all would have given whipsaws
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnnvglxGws7aavu_l6FdSZ_EaCMnXQCz9JNno-yXiQ9W3Wibx5O4TuU2f5FG4mMJCpu0bfRAlFBkcRa2k2P7MYSPbqKxLea1bQiHmLPpzQoX48Ay1m-KyDuwtyIUsr1g_2p8VrHSvfAHKx/s640/a.png)
- trend is up on daily charts
- today NF closed 0.5% in positive at 10855
- AD was 7:10
- note markets are trading within contracting triangle
- this makes for a difficult trading environment
- we are nearing the end of the triangle
- breakout from here should give a move of 400-500 points
- option writing support 10500 resistance 11000 (highest OI)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOaeZ3SEhcUz7Jt3eITjFMOg5dm8cgLyo1kDLHuYL4kvQweHsiVnf7JdYSqVcYCG6E28G8KLAAmnBMbeyl8tGDl4sIN3Og8j9lWUB7tlVNYluKsj77AbhLNNqjKFaZ9FISzJ2RIa1-iqDy/s640/a.png)
5 min charts:
- first bar showed selling at higher levels
- there was low risk setup for a short trade after 1 pm
- idea was for a positional trade and not intraday
- took a short position and got a fast down move
- trailed SL to breakeven
- stopped out
- there were some other issues faced today
- weird price and volume bars in datafeed
- upstox login not working for quite some time
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjaxLbYyQev4vQWWKnIDj5y_r3cHMCwqol3K9zcrJHr9OG3XnJqkoaGEM1L_AiNUroFo0-lVW2rYHTvjt7cCcfGjm84-uabGiyP0jYafHCX7RtaRO7IUBLD1UmXY-LlpmH4vrvQ5Bg_biE/s640/a.png)
Hourly charts:
- see triangle
- not plotting indicators as all would have given whipsaws
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnnvglxGws7aavu_l6FdSZ_EaCMnXQCz9JNno-yXiQ9W3Wibx5O4TuU2f5FG4mMJCpu0bfRAlFBkcRa2k2P7MYSPbqKxLea1bQiHmLPpzQoX48Ay1m-KyDuwtyIUsr1g_2p8VrHSvfAHKx/s640/a.png)
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