April 21, 2016

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed flat for second consecutive day. AD negative.
- trading below 7900 may lead to some weakness in markets.
- resistance 8000

Hourly charts
- trend is up
- support 7890 F

5 min charts
- break from initial range was sell
- trading these shorts is bit difficult considering the broader trend has been up
- hanging man formed for 2 days is the only inspiration for a short trade.

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