September 12, 2018

Market outlook

Daily charts:
- trend is down on daily charts
- buy above level is 11600
- today NF closed 0.7% in positive at 11370
- AD was 7:10
- VIX dropped 6% to 14.38

- next 11 days, there are only 5 trading days

- hammer formed




Open interest:
- 11400 put and 11800 call have highest and almost the same open interest
- next highest  open interest is at 11200 put and 11600 call (almost same)



5 min charts:
- traded long within box (11400 CE)
- covered on tight trailing SL



- also sold 11300 straddle for Rs.240/- 1 lot only
- I will make good money if market does not move much



15 min charts:
- buy signal today
- but stiff resistance around 11440 F




No comments:

Post a Comment