Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.7% in negative at 11642
- AD was 4:5 - not bad
- stiff resistance around 11800 levels

- small caps and mid caps witnessed lesser selling as compared to index

- surprised to see close below 11700





5 min charts:
- was long in morning; covered in profit
- skipped afternoon trade due to bad headache
- missed excellent short trade opportunity.