Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 0.6% in negative at 11644
- AD was 1:2

- last 3 days, lot of choppiness seen in this region
- stay cautious with longs till 11800 is taken out





5 min charts:
- ignored long trade as this has happened in selling zone
- traded short on break of support (11800 F)
- covered a bit early on trailing SL (11760 F)



15 min charts:
- nifty rangebound
- morning it was double top sell and evening it was double bottom buy



30 min charts:
- short signal on close below 11700 F