October 3, 2019

Market outlook

Daily charts:
- trend is up on daily charts (down on hourly charts)
- today nifty closed 0.4% in negative at 11314
- AD was 7:11

- VIX up 6%

- good support around 11100-11200 spot






3 min charts:
- my levels are set at prev day high and low and round numbers for nifty
- for today levels were 11310, 11400 and 11500 F... I am ignoring the high as it is too far
- first long trade was breakeven
- in hindsight it should not been taken
- note that prev day's low 11310 F was tested but never broken
- took a short trade on breakout failure of 11400 F
- this was a profitable trade
- missed 2nd long trade

- decision levels for tomorrow 11300-11400-11420 F

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