October 29, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 1.4% in positive at 11787
- AD was 10:7

- this was a nice breakout day
- Friday's bar was an excellent indication
- expect more upsides but a pause around 12000

- higher swing low defined at 11450 spot

- however VIX was up 5%
- ideally this should have dropped down substantially





3 min charts:
- Friday decision level was 11640 F
- markets opened above this level, sold off and took support
- took 3 long trades as per area
- exited in circled area

- decision levels for tom - 11640-11700-11800-11820 F



with swing indicator


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