October 25, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed flat at 11584
- AD was 7:10

- today markets were volatile
- it broke recent supports, sold off, took support at 11500 and recovered
- VIX dropped 6% during all this

- option writing support 11500 resistance 12000

- overall bias is bullish and
- 11500 is a good support




3 min charts:
- did not trade short  as both signals was close to prev day low
- break of PDL 11560 was short signal but the long tail stopped me
- and 11500 was near buy
- traded long twice.. as per arrow
- covered on trailing around 11600-610 F

- decision levels for next trading day 11500-11600-11640 F



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