April 18, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.3% in negative at 11753
- pattern formed - dark cloud cover

- gap present below prev day's bar
- markets fine as long as this holds

- option writing support 11500 resistance 12000





5 min charts:
- took short position as per arrow
- covered slightly above day's low (gap support)
- no trades afterwards

- missed short trade around 11805 F



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