September 12, 2019

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.5% in negative at 10981
- AD was 5:4... good sign
- stocks at 52 week high/ low indicates no alarm

- possible inverted H&S seen with neckline around 11200
- confirmation will be crossover above 11200
- till then it has no meaning

3 min charts:
- I did not trade today due to some work
- here are 3 possible trades with the reasoning
- first short trade... failure to sustain above prev day's high (11085 F)
- second trade... failure of uptrend to continue
- third short trade... prev day low becoming resistance (11025 F)

with kplswing indicator

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