July 12, 2019

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.3%  in negative at 11553

- AD was flat
- 11 stocks made 52 week highs and 160 stocks made 52 week lows

- nifty still trading within channel

- VIX down 4% ... complacency?

- a breakout above 11600 was sold into





5  min charts:
- trades as shown
- note 3rd long trade was delayed and should not have been taken
- the correct time was first bar after 1 pm
- short trade is shown but not taken as I was on call and then the fall was too fast



Same chart with swing indicator



15 min charts:




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