April 16, 2020

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.8% in positive at 8993
- AD was 13:5

- VIX down 8% at 46

- note market movement within triangle/ wedge
- directionless trading may continue for some more time

- option writing support 8500 (monthly expiry)
- resistance 9000, 9500





3 min charts:
- short signal to be ignored as close was not near low
- all other long signals valid



5 min charts:
- short signal stopped out


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