September 26, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 1.2% in positive at 11573
- AD was 2:1

- a gradual correction to 11200 is welcome




3 min charts:
- yesterday I mentioned decision levels as 11440, 11500 and 11600 F
- today, markets gave a breakout above 11500 and rallied to 11600
- above 11600 there was a lot of selling and 11500 was retested
- another rally happened to 11600

- signals are as shown
- I was long on all the blue bars
- 2nd long trade was a mistake as I took it near a strong resistance
- this actually was the best region to short
- red bars represent low risk entries (I missed all)

- note that all I am doing is looking for an opportunity near prev day high/ low

- for tomorrow, decision levels are 11480 and 11640 F
- and multiples of 100... so 11500, 11600 (minor)



with kplswing indicator

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