June 10, 2015

Market outlook

- trend is down on daily and weekly charts
- today markets took support at 8000 levels.
- this level has been important for past few weeks
- for bullishness we need formation of a lower swing high followed by another breakout
- till then, consider this rally suspect
- advance decline was positive today
- option writing points to support at 7800 (???) and resistance at 8500

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