Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.4% in negative at 12169
- AD was 4:5 (not bad)

- option writing support 12000 resistance 12300 (weekly expiry)
- option writing support 12000 resistance 12500 (monthly expiry)




3 min charts:
- rangebound markets - no trades
- note first bar complete reversal...this set the mood for the markets