Daily charts:
- trend is up on daily charts
- today markets closed 0.3% in positive at 11462
- AD was negative 7:10
- past 2-3 days, breadth is negative
- Friday, we had a shooting star
- today a doji/ spinning top was formed (indecision between bulls and bears)
- option writing support 11000
5 min charts:
- on Friday, there was a significant event when nifty crashed intraday from 11530 to 1150 in 15 minutes
- the high lows thus formed become critical levels
- today there was a long signal when Friday's high was crossed
- I ignored it because of the heavy selling around this level
- similarly there was a short signal near the lows which I again ignore as it came near support
- ended up doing nothing whole day
Same chart with kplswing indicator
15 min charts:
- trend is up on daily charts
- today markets closed 0.3% in positive at 11462
- AD was negative 7:10
- past 2-3 days, breadth is negative
- Friday, we had a shooting star
- today a doji/ spinning top was formed (indecision between bulls and bears)
- option writing support 11000
5 min charts:
- on Friday, there was a significant event when nifty crashed intraday from 11530 to 1150 in 15 minutes
- the high lows thus formed become critical levels
- today there was a long signal when Friday's high was crossed
- I ignored it because of the heavy selling around this level
- similarly there was a short signal near the lows which I again ignore as it came near support
- ended up doing nothing whole day
Same chart with kplswing indicator
15 min charts:
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