April 1, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.3% in positive at 11666
- AD was 2:1

- there was an intraday selloff of 100 points in last 30 minutes
- resulting pattern was a shooting star
- one day before we had a hanging man
- both these days, we had a gapup opening

- as we near all time highs, there will be lot of selling/ increase in volatility





5 min charts:
- buy on open
- exit on tight trailing SL
- did not reenter again... good thing



15 min charts:



30 min charts:

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