March 11, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 1.2% in positive at 11168
- AD was 13:5

- breakout from 3-4 month range has been on upside

- is H&S pattern over?
- note that it was being formed and confirmation was break of 10000
- so far this has not happened

- bearish tristar was seen last week
- no confirmation this week so we ignore this

- swing low support 10600
- option writers bullish that 11000 will not break this series




5 min charts:
- covered shorts (positional) and traded long in first/ second bar
- still long



15 min charts:



30 min charts:

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