Market outlook

Daily charts
- trend is down on daily charts
- today NF closed 0.7% in negative at 10378
- AD was 1:4
- some signs of buying seen as NF comes close to 6-FEB gapdown opening level

- option writing support 10000 resistance 10600
- this level is a good resistance area





5 min charts
- trend is down on 5 min, 15 min and hourly charts
- shorted somewhere within first box
- covered around 10305 F... double bottom support on hourly charts
- traded long above small horizontal line
- stopped out due to wrong SL.



Hourly charts
- triangle breakdown
- implication - 10200 may be tested