October 11, 2019

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.6% positive at 11301
- AD was flat




3 min charts:
- there were 4 trade setups of which I took only the first one
- traded long as per first arrow; covered on trailing SL
- short trade was not considered as it was too close to prev day high
- 2nd short trade was not considered due to very high SL and as it was too close to prev day low
- breakout failure of prev day low was next long trade but risk reward was poor
- range breakout (dotted line) was last long trade but considered as it was near BRN. prev day high



with kplswing indicator



DEcision levels for next trading day

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