Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 2.4% in negative at 8263
- AD was 2:7

- markets opened gap down, tested 7800, then rallied to 8500 before closing at 8263
- ATR(14) at 460 (eod), 47 (3 min) and 130 (15 min) charts

- morning star formed
- confirmation will be a gap up tomorrow

- VIX is now at 72
- still no signs of coming down
- this means more downside still possible?



3 min charts:
- i did not trade today
- arrows shown for educational purposes only