Daily charts:
- trend is down on daily charts
- today nifty closed 6% in negative at 8470
- AD was 1:5
- VIX at 65
- few days ago, nifty formed a huge with low at 8555 and high around 10000
- I said this range can persist for few weeks at least
- markets broke this level in just 3 days
- fall this month is 24.5%
- this is second highest fall in last 20 years
- highest fall was 26.5% in OCT 2008 (closing basis)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg60FNEvGTitZTszHYZiLgthlxieRM0SLnLTpWy1_3p8WKGWiixV7BrRQ4yOUalaX5fOZbsa-FvlljpGctc37meVcEXxXoCRZinkg08jBQatjJYR6P9XfpT1NqUB9_p-qxHndlEfwe3u9Gs/s640/a.png)
3 min charts:
- took a long trade in deep OTM puts
- difficult trade as the put hardly moved even after 100 points fall
- will stay away from options
- with IVs at 80% plus, very difficult to trade
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRHtotzA8gN-WoPr6QvkobedOB2R_oQnzkm6TRrNUuSq39l2agaqhK06XVIbN8XNHDFcgZCQMp1FzQmSF_plFQFgk3AGkRfitOdVhVXdCO9kN8kzu6SZ6HfR-fJRw7jB8X1fHOvrXCANF9/s640/a.png)
- trend is down on daily charts
- today nifty closed 6% in negative at 8470
- AD was 1:5
- VIX at 65
- few days ago, nifty formed a huge with low at 8555 and high around 10000
- I said this range can persist for few weeks at least
- markets broke this level in just 3 days
- fall this month is 24.5%
- this is second highest fall in last 20 years
- highest fall was 26.5% in OCT 2008 (closing basis)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg60FNEvGTitZTszHYZiLgthlxieRM0SLnLTpWy1_3p8WKGWiixV7BrRQ4yOUalaX5fOZbsa-FvlljpGctc37meVcEXxXoCRZinkg08jBQatjJYR6P9XfpT1NqUB9_p-qxHndlEfwe3u9Gs/s640/a.png)
3 min charts:
- took a long trade in deep OTM puts
- difficult trade as the put hardly moved even after 100 points fall
- will stay away from options
- with IVs at 80% plus, very difficult to trade
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRHtotzA8gN-WoPr6QvkobedOB2R_oQnzkm6TRrNUuSq39l2agaqhK06XVIbN8XNHDFcgZCQMp1FzQmSF_plFQFgk3AGkRfitOdVhVXdCO9kN8kzu6SZ6HfR-fJRw7jB8X1fHOvrXCANF9/s640/a.png)
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