Daily charts:
- trend is up on daily charts
- today nifty closed 1.35% in negative at 11594
- AD was 1:3
- close below 11500 will confirm trend reversal
- Last week's dark cloud cover shows its magic today
- option writing support 11500 resistance 12000
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqI7uJTINqj1sgdwDX7CaBHgy0Uw50vVr8QvSthiNyaCMMVL4hCLS6BHhNGQKLlYIL0Z6r_Y0WCckPIT7XHt5yRsUk9eDog3ajfHqnc7DVMYTh8TKESXHtOkFvlFUE-SK8oqwtLmYCkeqg/s640/a.png)
5 min charts:
- gap down opening below support was sell signal
- but the candlestick was big and trade was not worth the risk
- a later entry as per green arrow was stopped out at negligible profit
- rangebound market made trade management difficult
- a deep SL of min 25 points would have given min 60 points profit
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj32OqKfiM_XtO5jC8c6HyjYDOk_M9g0lJ4gve8jcaKPBSzXRuzhOm8UQ7qtT6GhBH-d5I95dTLo4WWMSeWpvOLA-882ClO8IxAp7dqmFkq-9F7vY1D2GRh8OkBIeNBLMcWqHYjGliDb_SK/s640/a.png)
- trend is up on daily charts
- today nifty closed 1.35% in negative at 11594
- AD was 1:3
- close below 11500 will confirm trend reversal
- Last week's dark cloud cover shows its magic today
- option writing support 11500 resistance 12000
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqI7uJTINqj1sgdwDX7CaBHgy0Uw50vVr8QvSthiNyaCMMVL4hCLS6BHhNGQKLlYIL0Z6r_Y0WCckPIT7XHt5yRsUk9eDog3ajfHqnc7DVMYTh8TKESXHtOkFvlFUE-SK8oqwtLmYCkeqg/s640/a.png)
5 min charts:
- gap down opening below support was sell signal
- but the candlestick was big and trade was not worth the risk
- a later entry as per green arrow was stopped out at negligible profit
- rangebound market made trade management difficult
- a deep SL of min 25 points would have given min 60 points profit
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj32OqKfiM_XtO5jC8c6HyjYDOk_M9g0lJ4gve8jcaKPBSzXRuzhOm8UQ7qtT6GhBH-d5I95dTLo4WWMSeWpvOLA-882ClO8IxAp7dqmFkq-9F7vY1D2GRh8OkBIeNBLMcWqHYjGliDb_SK/s640/a.png)
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