February 6, 2020

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.4% in positive at 12134
- AD was 5:4

- option open interest suggests limited upside
- put writing support is at 12000 and increasing to 12100
- call writing resistance is at 12200
- above is weekly expiry series

- on monthly expiry bias will bullish with
- support at 12000 and resistance at 12500




3 min charts:
- traded long at first arrow; stopped out
- did nothing thereafter




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