Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.5% in negative at 1520
- AD was 1:3
- highest open interest at 11800 in calls and then next at 11500 in puts
- highest addition was in 11800 CE followed by 11500 PE

- selling was substantial in small caps and midcaps (indices lost 3%).

- close below 11500 spot will lead to sell signal on my trading system.





5 min charts:
- attempted a buy in circled area
- stopped out
- did not attempt short trade



Same chart with kplswing indicator



15 min charts:
- trend is down