January 28, 2020

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 0.5% in negative at 12060
- AD was 1:2

- note broader market is showing a lot of strength
- even today, stocks at 52 week high are more than stocks at 52 week lows
- and this is even as nifty is correcting
- few months ago, it was the opposite

- note cluster of supports between 12000 and 11800




3 min charts:
- first short trade was breakeven
- missed next short trade as was not at desk

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