December 7, 2016

Market outlook

Daily chart
- trend is down on daily charts
- today markets closed in negative
- AD was negative but VIX down
- note markets have formed a swing high around 8300 levels
- option writing support 8000 levels




5 min chart
- volatile day given RBI policy event
- circled area was the only possible short trade today
- this trade, if taken, would have given excellent profits
- I did not trade today


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