Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed flat at 11691

- the flat closing does NOT disclose what happened intraday

- AD was 5:13

- today we had a nice gap up opening
- but this was sold off into
- note how 11800 is offering resistance
- big intraday fall from 11800 to 11625

- giving a trading range of 175 points

- gap support 11400-11600
- will this gap be filled?





5 min charts: 
- traded long in calls on breakout
- stopped out on trailing/ breakeven
- shorted calls in expectations of rangebound market
- closed around 11670F