December 6, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.8% in negative at 11888
- AD was 5:12

- swing low support around 11800

- wild swing observed in VIX for past few days
- today it ranged from -9 to + 3 creating havoc in option pricing

- option writing resistance 12000





3 min charts:
- traded long thrice
- stopped out everytime
- wild swings in IV created havoc with option pricing

- did not trade afterwards
- after consecutive losses, I usually take a break




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