May 9, 2018

Market outlook

Daily charts
- trend is up on daily charts
- today NF closed 0.2% in positive at 10742
- AD was 2:3
- option writing support 10500 resistance 11000
- highest OI is at 10500 put - first time this series
- this means option writers see limited downsides




5 min charts
- breakout from range was buy signal
- cover on trailing SL exit

- did not trade today



Same chart with kplswing indicator



15 min charts
- yesterday's sell signal got stoplossed
- this is not surprising as the short signal bar had lot of buying
- now trend is up with SL at 10745 F
- strong resistance around 10800 F

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