May 13, 2020

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 2% in positive at 9383
- AD was 3:1

- we had a big gapup opening because of an overnight event
- this strong gapup opening was sold into
- reason is markets were in the 9500 region which is  a strong resistance zone
- notice that in MAY, every gapup opening has been sold into
- no genius or intelligence required




5 min charts:
- today I shorted the gapup around 9460 F and covered around 9400 F
- a system driven short trade was stopped out at small loss

- if markets open flat tomorrow, you can know my trades today itself.
- long above 9450 F and short below 9350 F



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