February 22, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed marginally in the positive
- AD was 1:2
- expecting strong resistance around 9000 levels
- option writing support 8500 resistance 9000 (Mar series)
- above means high chances of correction





5 min charts
- breakout above first box or yesterday 30 min high was buy signal
- long trade exit was close below 2nd box
- tomorrow, holding above 8930 can be bullish as down

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