October 5, 2016

Market outlook

Daily charts
- trend is up on daily charts
- today markets closed in negative but AD was positive
- some selling/ lack of buying seen at higher levels
- option writing support 8600 and resistance 9000

5 min charts:
- markets broke first hour low
- but this was very close to prev day's low
- break of previous day's low attracted fresh buying
- markets traded in a range thereafter