Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.8% in negative at 11133
- AD was 7:11

- VIX up 8% at 25
- it was down 7% in morning

- inspite of a strong gapup, markets could not sustain above 11400
- huge "outside bar" formed
- is a bottom being formed?





3 min charts:
- did not trade today due to a funeral in afternoon
- missed a nice fall