March 5, 2020

Market outlook

Daily charts:
- trend is down
- today nifty closed flat at 11269
- AD was flat

- option writers expect 11000 to hold
- they are also expecting a big trading range
- surprised to see call writing at 12000 levels also

Note:
- because of high IVs, I have shifted to option writing positional
- last week, we sold 11300 CE and 11300 PE for Rs.300 and closed it today at 80
- today we repeated the same trade in weekly options
- the positions are always hedged.





3 min charts:



15 min charts:



30 min charts:

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