March 4, 2016

Market outlook + weekly charts

Weekly charts
- this week's gain of 6% is highest weekly gain in past 2-3 years
- but trend still down on weekly charts
- expecting resistance around 7550 levels.
- weekly close above 7550 will mean reversal of last bearish bar.

Daily charts
- trend is up on daily charts
- expecting resistance around 7500-7600 levels

Hourly charts
- trend is up on hourly charts
- today's low critical next week

5 min charts
- rangebound trading through out the day

My trades

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