August 29, 2019

Market outlook

Daily charts:
- trend is down on daily charts
- today markets closed 0.9% in negative at 10948
- AD was 7:12

- my hopes of H&S are playing out so far
- for completion, nifty should form a higher swing low and
- then break out above 11200
- till then, this is just talk

3 min charts:
- had severe data integrity issues as charts were messed up
- NIFTY futures showed low of 10805 which was not matching with upstox charts

- traded long twice for 20 points
- ignored short trade

With swing indicator N=20... too whipsaws as markets are rangebound

N=5 always looks nice/ profitable at times like this

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