Daily charts:
- trend is down on daily charts
- today nifty closed 1.5% in negative at 11420
- AD was 1:3 ... this is actually not bad
- I am discarding channel view from here on
- reason is break of lower trendline without retest of upper trendline
- note gap between 11400 and 11600 is filled
- I don't know if this can be considered as a bullish sign
- overlapping moves as seen in June and July (so far) are corrective moves
- trending moves are usually fast
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9CwqpOi8IYnrVbMl8mi1doDmc0RxrR3ZvlulVE58jNpUjeK2VXBseDjGAz_8zoPsGqOQN0oKCAbPbmiJH-MEjSOg20Yk2UWYX_Q1arVnGcos9FLH3Hg2c3Z_ypUby5ejEgiw0VttG8FEm/s640/a.png)
3 min charts:
- missed the first short trade as price changes were too fast for order execution
- was planning a new strategy for past few days and implemented this today
- idea is to have tight SL and predefined target for exit
- here my SL was around 6-7 points and target 10-15 points (in options)
- did about 14 trades in the boxed areas
- day was profitable but I think I chose the wrong day
- profits will be extremely high in rangebound markets
- any simple indicator could have given same or better profits today
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEzvqi41eROmvsbyuo3Gz1XCih6IO2QfE55ZKD5h5AUl1v-EDrPDHeh82f9yGOyMxpYIqmZnwiLT936ZNxBO5-lRmHUycAV5bM2SKSPdjveh82sRy2NaJ4e1Whk2szTqUQ1x6fjSy00Wg1/s640/a.png)
5 min chart with kplswing indicator
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIYax4wx3JjLqwLL6IFs2EJPQ2gOErl6jRQrwZAqCVniimdgXx7OhVmCumadMWslRgd-lkM9mvnFcWTb7cylVGBgSv0DxQAmIAD91GOo5KzyTDE00oT0xl8pNDFOJ23RS2FueNYd5zuyfy/s640/a.png)
15 min chart with kplswing indicator
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtMVFlPwjlBBgYNrhseQ7csvl70BAIZoA5F3LZVi5MrX_-1iaR3ML7yU_gKgR_u12x_wMWvEwnLVrzhfGtOkQ4FMJObmHKILz0iYHKkq0cYYnFp1pbYgKhBDTjrCfOUjIVoVyJm-TRu-0C/s640/a.png)
- trend is down on daily charts
- today nifty closed 1.5% in negative at 11420
- AD was 1:3 ... this is actually not bad
- I am discarding channel view from here on
- reason is break of lower trendline without retest of upper trendline
- note gap between 11400 and 11600 is filled
- I don't know if this can be considered as a bullish sign
- overlapping moves as seen in June and July (so far) are corrective moves
- trending moves are usually fast
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9CwqpOi8IYnrVbMl8mi1doDmc0RxrR3ZvlulVE58jNpUjeK2VXBseDjGAz_8zoPsGqOQN0oKCAbPbmiJH-MEjSOg20Yk2UWYX_Q1arVnGcos9FLH3Hg2c3Z_ypUby5ejEgiw0VttG8FEm/s640/a.png)
3 min charts:
- missed the first short trade as price changes were too fast for order execution
- was planning a new strategy for past few days and implemented this today
- idea is to have tight SL and predefined target for exit
- here my SL was around 6-7 points and target 10-15 points (in options)
- did about 14 trades in the boxed areas
- day was profitable but I think I chose the wrong day
- profits will be extremely high in rangebound markets
- any simple indicator could have given same or better profits today
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEzvqi41eROmvsbyuo3Gz1XCih6IO2QfE55ZKD5h5AUl1v-EDrPDHeh82f9yGOyMxpYIqmZnwiLT936ZNxBO5-lRmHUycAV5bM2SKSPdjveh82sRy2NaJ4e1Whk2szTqUQ1x6fjSy00Wg1/s640/a.png)
5 min chart with kplswing indicator
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIYax4wx3JjLqwLL6IFs2EJPQ2gOErl6jRQrwZAqCVniimdgXx7OhVmCumadMWslRgd-lkM9mvnFcWTb7cylVGBgSv0DxQAmIAD91GOo5KzyTDE00oT0xl8pNDFOJ23RS2FueNYd5zuyfy/s640/a.png)
15 min chart with kplswing indicator
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtMVFlPwjlBBgYNrhseQ7csvl70BAIZoA5F3LZVi5MrX_-1iaR3ML7yU_gKgR_u12x_wMWvEwnLVrzhfGtOkQ4FMJObmHKILz0iYHKkq0cYYnFp1pbYgKhBDTjrCfOUjIVoVyJm-TRu-0C/s640/a.png)
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