March 20, 2020

Market outllook

Daily charts:
- trend is down on daily charts
- today nifty closed 5.5% in positive at 8745
- AD was 2:1

- today was first day in 18-20 days where nifty closed above prev day high
- VIX dropped 7%

- too early to call a bottom
- some swing high needs to form for this and nifty should cross this
- nearest high is around 10000 level and this is a rough one

3 min charts:
- traded long
- did not trade short

15 min charts:
- current rally looks corrective
- have doubts if this will sustain

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