May 2, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today markets close flat at 11724
- AD was 7:10

- swing low 11500
- close below 11500 will confirm trend reversal

- NIFTY PE ratio 29+ .. difficult for long term investors to make money at this point





5 min charts:
- traded short in circled area; stopped out
- repeated short trade again
- trade was breakeven for the day



Hourly charts:
- markets extremely rangebound



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