Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed 0.5% in positive at 10962
- could not cross 11000 today
- AD was negative at 5:12
- many indices closed in negative today

- VIX up 10%
- option writing support 10800 resistance 11000

- RELIANCE, an index heavy weight was up 4.4%
- if it was flat, nifty would have been lower by 80 points




5 min charts:
- traded long on breakout
- stopped out, position closed at no profit no loss