Market outlook

Daily charts:
- trend is down on daily charts (wef today)
- today nifty closed 1.35 in negative at 11672
- close was below support of 11800
- AD was 2:7

- next support is gap around 11500-11600

- option writing support 11500-11000





5 min charts:
- took short position around 10 am
- stopped out at breakeven
- did not short again as market was rangebound
- missed last correction due to high risk



15 min charts:



30 min charts: