March 3, 2017

Market outlook

Daily charts
- trend is up on daily charts
- yesterday's bearish engulfing bar did not have any follow thru selling
- today, markets closed flat... AD was negative
- cluster of supports around 8700 and 8800
- option writing support 8800 resistance 9000




5 min charts
- rangbound market, nothing to do
- next week, sustaining above 8900  may be bullish.

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