August 26, 2015

Market outlook

- NIFTY trend is down; today it closed 1% in negative - AD was flat
- because of this steep fall, a lot of sideways movement can occur before any reliable buy signal comes
- expect resistance around 8300 levels
- option writing is giving bullish clues for next series
- support 8000 and resistance 9000; final picture will be clear Friday evening.

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