November 21, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.25 in negative at 11968
- AD was 4:5

- this month, nifty has closed not even once above 12000

- option writers would have made excellent money selling 12000 CE
- they were also selling 11800 PE and 11900 PE

- even today, highest OI is still at 12000 CE




3 min charts:
- shorted somewhere in first 20 min
- stopped out at 10 points loss
- did nothing thereafter

-  market was very rangebound

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