December 9, 2016

Market outlook + weekly chart

Daily charts
- trend is down on daily charts
- today, markets traded flat.
- AD was flat, VIX down marginally
- closing was near weekly highs
- option writing support 8000 resistance 8300




Weekly charts
- NF trading sideways for past 2-3 weeks
- closing was at week's high
- strong resistance around 8500 levels


5 min charts
- NF did TP whole day
- wrote 8400 calls around 44... positional trade


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