September 23, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 2.9% in positive at 11600
- AD was 2;1

- VIX up 9%.... why? it should be down 8-10%

- Nifty futures OI dropped 9%
- this means rally was because of short covering

- highest OI is around 11000.
- why has this not shifted to say 11300 or 11500?
- are writers expecting a correction?





3 min charts:
- I was positional long in 11500 CE
- but there was order problem at NSE ... https://www.vfmdirect.in/2019/09/something-funny-going-on-nifty-11500-ce.html
- traded long as per arrow; exit as shown
- short trade stopped out





No comments:

Post a Comment