Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.3% in positive at 11588
- AD was 1:2

- midcaps and smallcaps continued to correct

- 16 stocks made new 52 week highs and 200+ stocks made 52 week lows





5 min charts:
- took 2 trades today, both short and long
- stopped out at small loss
- missed 3rd trade (long)



Same chart with kplswing indicator



15 min chart: