January 3, 2014

Market outlook

Some signs of buying visible today. Advance decline was mildly positive and VIX dropped 4% (bullish).

In futures, sustaining above 6245 will be bullish tomorrow.

Positional view does not matter as markets are still trading in a big range. What is important is increasing call writing at 6500 levels meaning this level is unlikely to be crossed this series.

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