April 26, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 0.5% in positive
- AD was negative .. 1:2 while VIX jumped 5%
- Sensex achieved first ever close above 30000
- option writing support 9000 resistance 9500 (MAY series)




5 min charts
- breakout above prev day's high was buy signal
- break below box was exit/ sell signal
- some volatile moves happened
- tomorrow, trading below 9300 will imply weakness

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