Today NS long flip is 11930 and is far away so trend is down but the bulls will test the bears tomo as 11768 will be level to go long forward looking one day.
That level isn't too far from today either so 11768 ( cmp of 11700 ) becomes level to watch/flip & go long for now.
No fresh updates, 11750 level saw selling yest, drew in a rally today to bit hit right from there so trend is down short-term.
Today was actually a good day to trade if you were short.
Also, i posted yest in Day thread, but we need not trade both sides all the time, if we stick to higher TF also, we'll be trading in the more favourable direction. ( This is PA, not TD but logic is the same )
Monday's level is actually higher to beat for bull flip, 11889 so we still keep 11768 as first sign to break upside and then Tuesday is more critical bcos then we'd have to close above 11730 to go long.
Since next week may be the mother of all week's this year, buying puts is the best way to go.
Ppl did say they're expensive, but technically if you see in the last 4 days, as NS came down and VIX went higher, the PE were nicely profitable.
VIX will continue going higher thereby easing the decay on them. RR of buying PE's becomes very favourable to carry and intra with Futures.