February 1, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today, nifty rallied smartly but sold off near 11000 levels
- overall close was 0.6% in positive at 10894

- this is the 4th time markets are selling off from 11000 levels
- so till this level is crossed, do not expect any big upside

- even if you have a breakout, wait for heavy selling around 11200 levels.
- these will be people who have not shorted yet but see this as a good opportunity
- hope you enjoyed above story





5 min charts:
- decided not to trade on account of 'budget volatility'

- so we had a breakout followed by strong selling around 11000 levels
- the selloff looks strong on higher timeframe charts



30 min charts:



60 min charts:

 

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