- trend is down on daily charts
- today, markets closed flat. AD was also flat
- most probably, markets have completed "f" wave of diametric
- now, next wave "g" should open down.
- the "g' wave should technically be smaller than "e" wave i.e. less than 365 points
- in other words, 7700 should not break
- if 7700 breaks, something else is happening.
- option writing support exists at 7500
- today, markets closed flat. AD was also flat
- most probably, markets have completed "f" wave of diametric
- now, next wave "g" should open down.
- the "g' wave should technically be smaller than "e" wave i.e. less than 365 points
- in other words, 7700 should not break
- if 7700 breaks, something else is happening.
- option writing support exists at 7500
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