Market outlook

Daily charts:
- trend is down on daily charts
- today nifty opened gap down and closed 2.5% in negative at 10990
- AD was 2:7

- ATR jumps to 200 points... average SL 400 points for nifty

- support 10500 resistance 11400

- VIX up 26%.. option writers paradise?

- did not trade today... no point




Status of option trade taken yesterday... hedging always helps



3 min charts:



15 min charts: