May 7, 2020

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.8% in negative at 9200
- AD was flat

- rising wedge broken on down side
- nothing happened since then
- no follow thru selling
- this may happen below 9000

- in trading if you expect something to happen and it does not happen
- be prepared to change your view and sides fast

5 min charts:
- rangebound market ... no trades

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