Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.7% in negative at 11337
- AD was 1:2 (not bad)

- but 460 stocks made new 52 week lows! this is bad

- option writers feel 11300 will hold this week... let's see





3 min charts:
- first long trade was whipsaw
- did nothing thereafter

- missed 2 contra trades (buy around 11320 F)