July 2, 2014

Market outlook

NIFTY closes at new lifeitme high.

Slowly but surely markets are heading towards new highs. Despite all bad news about economy, inflation, monsoon failure, iraq problems etc, markets are still in uptrend.



Initial target is 8000 levels - this is based on call writing levels.

Incidentally option writing support has increased from 7000 to 7500 as evidenced by put writing.


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