November 4, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.4% in positive at 11945
- AD was 10:7

- last 3-4 days, nifty forming higher high higher low
- but close is always near open thus forming a doji
- a small correction cannot be ruled to shake out the weak hands

- looks like expiry will be below 12000
- open interest says so

3 min charts:
- traded long on first bar/ breakout
- exited with trailing
- did nothing thereafter

- decision levels for tomorrow 11940-12010 F

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