- breakout above 8290F was bullish
- however this signal could be ignored because of trendline resistance on hourly charts
- next breakout was above 8325F (day's high).
- this was profitable with no whipsaws
Today there was a drop of 10% in VIX - this meant profits in call options were limited. For eg., options at 2.10pm were cheaper than at 10.30am even while nifty was at same level.
- however this signal could be ignored because of trendline resistance on hourly charts
- next breakout was above 8325F (day's high).
- this was profitable with no whipsaws
Today there was a drop of 10% in VIX - this meant profits in call options were limited. For eg., options at 2.10pm were cheaper than at 10.30am even while nifty was at same level.
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