August 16, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed marginally in positive at 11048
- AD was flat

- support is slowly shifting up from 10800 to 10900
- above 11200, rally of 200-300 points possible

3 min charts:
- long trades taken are shown in circled area
- 1st long was taken as there was a break of prev day low followed by fast buying
- 2nd long was taken as there was a breakout from range
- there were more opportunities (black arrows) but I did not add
- exited around 11030-11040 region

Supertrend indicator also gave similar signals - upstox terminal

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