March 26, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 1.1% in positive at 11483
- AD was 5:4 (not good)

- option writing support 11000, 11400 resistance 11500

5 min charts:
- today was a mixed day
- where I could have earned 60 points in options, I earned barely 20 (fast trade)
- the reason was the I ignored the signals after 2.30 pm
- I looked at this as a gap filling process and hence expected a small rally
- but the fast rally meant option prices moved too fast to initiate a trade
- and I don't like chasing any breakout.

15 min charts:

30 min charts:

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