August 18, 2014

Market outlook

Markets close at new lifetime high.... next target 8000-8400???

Targets are based on Fibonacci projections and should be considered with a bucket of salt.

Stoploss or swing reversal level is now 7540 spot

Intraday charts

On 5 min charts, breakout above 7800 was bullish.

On hourly charts, trend is up with support at 7750 spot.

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