July 18, 2019

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.8% in negative at 11597
- AD was 5:13

- 16 stocks made 52 week highs  and 258 stocks made new 52 week lows




3 min charts:
- nifty traded in a very small range of 35 points
- range was 11630 to 11665 F
- took first short trade as per arrow; stopped out at breakeven
- as trading range was 35 points, I did not trade
- hypothetical trades are marked with arrows
- in many of these trades, max move was only 20 points
- last short trade (break of 11630 F) was the only 'nicely' profitable trade
- I did not trade this ... maybe the fatigue / 3 o' clock factor



5 min charts



15 min charts:



30 min charts:

No comments:

Post a Comment