May 20, 2019

Market outlook

Daily charts:
- trend is up on daily charts (wef today)
- nifty closed 3.7% in positive at 11828
- AD was 5:1

-  move in 2 days is probably the fastest in last 2-3 year.

- immediate support 11500
- close below 11500 this week will lead to whipsaw

- option writing  resistance 12000

- travelling till next Wednesday so updates can be sporadic.




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