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)
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
- 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)
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
No comments:
Post a Comment