Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.7% in positive at 11426
- close was near halfway of the bar
- pattern formed... shooting star

- AD was negative at 7:10
- past 2-3 days, AD is not great





5 min charts:
- traded long on 2nd bar
- stopped out at very small profit
- failed to reenter again
- fortunately did not "chase" the market
- selloff later on would have given loss only



15 min charts:
- today's high becomes crucial level for next week