March 2, 2016

Market outlook + my trades

Daily charts
- trend is up on daily charts
- AD positive; VIX flat
- notice resistance around 7500-7600 levels
- this level provided support earlier - now it will give resistance

Hourly charts
- trend is up on hourly charts
- expecting resistance around 7400 levels

5 min charts
- NF trading in a range through out the day
- unless you had overnight long positions, difficult to earn money today

My trades
- booked profits in all long positions open from last 2-3 days
- wrote 7700 calls around 25... let's see what happens
- if NF closes below 7700 this expiry, I should earn 45K.

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