July 22, 2016

Market outlook + weekly charts

Weekly charts
- trend is up on weekly charts
- stiff resistance seen around 8650 levels
- weekly close above 8650 can lead to retest of all time highs
- support around 8000-8200 levels



Daily charts
- trend is up on daily charts
- sideways movement for 9 trading days seen
- immediate support 8450 resistance 8650 spot





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