March 16, 2020

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty opened gap own and closed 8% in negative at 9197
- AD was 1:5

- new swing high formed around 10000

- VIX jumps 16% to 60
- this makes options extremely expensive

- ATR(14) at 410...

- I expect markets to trade within 8500 and 10000




3 min charts:- took short position near arrow
- covered around 9100

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