Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed 0.5% in positive at 10727
- AD was flat

- observe how NF is trading in contracting triangle
- trading environment to get difficult due to range compression

- option writing support 10500




5 min charts:
- attempted long on first bar breakout
- stopped out

- did nothing thereafter due to strong supports and selling at higher levels
- price swings were 300+ points in nifty



15 min charts:



30 min charts:



Hourly charts: