Market outlook

Daily charts:
- trend is down on daily charts
- today markets closed flat at 11252
- AD was 4:5

- very good support around 11000-11100

- today 300+ stocks made new 52 week lows





3 min charts:
- traded long on breakout
- exited as per trailing SL
- did not consider short trades immediately
- later took a short trade just before fall
- covered on trailing
- last long trade gave small profits

- missed an excellent short trade with SL at 11300 (around 2.30pm)



Same chart with kplswing indicator
- always plan for a 3-4 bar low as trailing SL for long (and vice versa)



5 min chart:



15 min charts:
- I completely missed a double top positional sell here
- by same logic, there is a very good double bottom buy
- but this can be ignored as it comes at end of day and broader trend is anyway down
- so how I can I protect against a gap down tomorrow? I can't