Trade Log NIFTY July 15

In my yesterday’s post, I had said

I need one more confirmation of close below 10560. This will confirm some sort of intermediate top.
I am not sure about tomorrow, maybe a pause or continuation day. Overall this week has clear down bias. Any rise is selling opportunity as long as NIFTY does not close above 10820

I am still waiting for this confirmation. It was not a pause / continuation day as I expected. It was a roller coaster ride. Because of Reliance results, I got out of the trend and avoided trading intra day.

My trades today

As NIFTY crossed the resistance area, I sold puts and later covered near the target zone.

My observations for today

NIFTY had a very volatile day finally closed 0.10% up.
BANKNIFTY closed -0.24%.
VIX dropped 1.3%
Advance Decline ratio is 26 to 24 which is neutral.
Open Interest data showing 10800 as firm resistance and 10500-10600 band as support.
FII and DII data is negative.

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Overall, looking at structure, it is confirmed now, that balance has changed in favour of sellers. The question to be answered is if this is some sort of a correction or start of fresh downward.
I’ll watch Thursday, Friday and Monday candles to make my opinion the same. In case of fresh downtrend, at least a downward gap, close around or below 10430-10400 is required.

View for tomorrow
Again tomorrow may be a pause ,range bound day with indecision candle. I don't expect it to cross above 10760. The lower bound is again 10560.
The other possibility is continuing the trend towards the 10500 level.
I’ll start with assumption of 10560-10700 range and play from there.