August 22, 2019

Market outlook + multiple timeframe charts

Daily charts:
- trend has turned down today
- there was a strong hint yesterday when nifty closed below 11000 the 2nd time
- last trend change was up on 8-AUG (11032)
- trollers: net loss is 300 points or less than 3% [.03% of capital if you do risk mgmt]

- today nifty closed below 10800... recent swing low
- close was at 10738 down 1.7%
- AD was 1:7

- next support 10600 and then 10000
- resistance/ swing high 11200

- today 490 stocks closed at 52 week low
- small caps index lost 3%... real blood bath here





Same chart with kplswing



3 min charts:
- was not present in market till 11am
- traded long as per arrow (in expectation of double bottom support 10800)
- stopped out on trailing SL
- traded short as per signal
- covered at close



5 min charts:



15 min charts:



30 min charts:



60 min charts:

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