Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.9% in negative at 11908
- AD was 7:11

- past  few days nifty is unable to sustain near day's highs
- yesterday's hanging man was a nice warning

- option writing support 11600 res 12000





3 min charts:
- yesterday DP levels were 11970 and 12060 F
- today we had breakout failure at prev day's low
- long as per arrow...cover near 12050 F
- missed first short trade
- traded short as per 2nd arrow