August 7, 2019

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.8% negative at 10855
- AD was flat (good sign)

- today only 166 stocks made new 52 week lows
- this is a good sign

- small swing high formed and identified around 11000

- only problem is VIX was up 5% today/ not coming down at all





3 min charts:
- first short trade was fast ... less than 10 min and profitable
-  next trade was long trade ... stopped out



15 min charts:
- multiple false signals may mean
- markets are bottoming out or becoming rangebound

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