July 16, 2019

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.6% in positive at 11661
- AD was flat

- selloff continues in broader market
- but VIX fell by almost 3%

5 min charts:
- missed first long trade
- took 2nd long trade immediately
- exit on trailing SL
- missed 3rd long trade

- options trade was not profitable due to falling IVs.

Same chart with swing indicator

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