May 19, 2017

Market outlook

Daily charts
- trend is up on daily charts
- markets closed flat but advance decline was negative (1:2)
- immediate support seen at 9400 and swing low support at 9200
- option writing resistance 9500





5 min charts
- intraday market is sell on rally
- markets faced resistance near 9500F
- short on breakout failure/ break below first box
- cover on breakout from 2nd box



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