April 22, 2020

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 2.3% in positive at 9187
- AD was 5:4 (not good)

- VIX down 5% to 43
- falling VIX hints at lower volatility? less fear?

- note all activity happening within range of rising wedge




5 min charts:



My trades:
- these are now in SBI cash, intraday
- I find this better from a risk mgmt and position sizing perspective
- this has been becoming difficult in nifty due to high IV and lot size limitations
- traded short and long today

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