March 3, 2020

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 1.5% in positive at 11303
- AD was 10:7

- ATR (average true range)  has increased to 180 points
- this means min SL should be at least 360 points for a positional trade
- on 17th JAN, the ATR was 100 points

- on intraday charts, this volatility is reflected via a 100 point in less than 10 minutes
- stopped trading now due to huge SL required

3 min charts:

15 min charts:

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