May 26, 2020

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed flat at 9029
- AD was flat

- see big red of 18-MAY
- nifty trading within that range for 5th consecutive day
- despite such narrow range, there have been very good intraday opportunities

- note that almost every gapup this month is being sold into
- this provides good ideas for short trades intraday

- trading above 9180-9200 spot will be bullish
- deep support 8500

3 min charts:
- gapup means what? short when you get a signal

5 min charts:
- whatever system you use, if you do not have the discipline then the system is of no use
- keep losses small... that is all what matters

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