March 1, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 0.7% in positive at 10863
- AD was excellent at 7:2

- swing low support 10600 resistance 11000
- option writers very bullish this series

- small cap and mid caps stocks doing very well past few days





5 min charts:
- did not trade long on first or second bar though this was breakout bar
- reason: buy signal came near a known resistance (see 15 min SPOT charts)
- traded long as per arrow
- covered just after 3pm



15 min SPOT charts:
- on days immediately after expiry, I prefer using spot charts instead of futures.



No comments:

Post a Comment