March 18, 2019

Market outlook

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:



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