February 20, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today, nifty closed 1.24% in positive at 10735
- the recovery was from 10600 (double bottom support)
- VIX down 8%

- AD was 11:7




Note on 2-3 days price action:
- increasing number of whipsaws in past 2-3 days
- this happens when markets are getting rangebound
- this can also happen when markets are bottoming out

5 min charts:



15 min charts:



30 min charts:

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