January 23, 2020

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.6% in positive at 12180
- AD was 10:7

- VIX down 3%

- lot of strength seen in mid caps and small caps
- correction is absent in these indices

- overall bias is bullish as long as index holds above 12000

3 min charts:
- did not trade the long side
- short trades are as shown
- should not have ignored the 2nd long trade as it was very safe

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