September 25, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 1.3% in negative at 11440
- AD was 1:2

- VIX down 3% to 16%

- after a 1000 point rally in 2 days, a pause / correction is welcome
- deep support around 11200

- only negative today is 9% increase in nifty futures open interest



3 min charts:
- trades are as shown
- yesterday's low was 11560 so this was the trigger level
- ignored 1st short signal as SL was very deep
- took 2nd short, covered near 11500 F
- traded long, exited at breakeven
- took 3rd short and exited around 11460 F

- tomorrow decision levels are 11440 , 11500 and 10600 F



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