January 27, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 0.5% in positive
- AD was flat, VIX up 5%
- option writing support 8400
- expecting lot of resistance around 8730 spot




5 min charts
- rangebound trading day today
- nothing to do

- question: island reversal if we have gap down opening tomorrow.


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