July 15, 2015

Market outlook

- trend is up on daily charts
- markets close above 8500
- swing low support at 8300 levels (next support 8190 spot).
- advance decline positive
- option writing support 8400 -  no resistance; bias bullish


Overall markets are still rangebound with nifty having gained barely 40-50 points in 3 months (April month open was 8483 and today's close is at 8523).

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