May 16, 2019

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.9% in positive at 11257
- AD was flat

- last 4 days, nifty is trading between 11100 and 11300
- alternate day up down movement

- option writing support 11000 res 12000





5 min charts:
- traded long in first circled area
- booked profit in 2nd circled area
- ignored the breakout as SL was too deep



No comments:

Post a Comment