June 7, 2016

Market outlook

Daily charts
- trend is up on daily charts
- strong resistance around 8400 levels
- limited upside seen around current levels
- put writing support around 8000 levels




Hourly charts
- trend is up
- reversal level/ SL 8150 F



5 min charts
- markets did not close above/ below first hour high/ low
- post RBI policy announcement, markets made new hourly high/ low
- boxes show buy above/ sell below levels
- 2 trades one long/ one short ... average profits




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