November 4, 2016

Market outlook

Daily charts
- trend is down on daily charts
- today, markets closed below 8500 (weekly close)
- advance decline was negative, VIX up marginally
- on bright side, markets still trading withing falling channel.
- downside break from channel can mean a correction to 8200-8000 levels
- option writing support 8200 (NOV series)


2 comments:

  1. Sir data shown is of April 2016 open,high,low and close...kindly update it

    ReplyDelete
    Replies
    1. Done... error happened because my cursor/ mouse was kept on that date.

      Delete