November 25, 2019

Market outlook with more charts

Daily charts:
- trend is up on daily charts
- today nifty closed 1.4% in positive at 12079
- AD was 11:7

- today was the biggest bar for NOV
- swing low around 11800

- this is the 2nd time nifty is closing above 12000
- the first time was on 1st JUN after which nifty corrected to 10700

- there has never been a weekly close above 12000
- if this happens, this will be a very strong bullish sign

- highest OI is at 12000 PE
- box indicates rally possible to 12200-12300




3 min charts:
- traded long multiple times
- first trade got chopped in box area
- above 12000, I was aggressively long
- still holding long positions in 12100 and 12200 CE



15 min charts:



Hourly charts:
- nice breakout from box
- rally upto 12250-12300 possible

No comments:

Post a Comment