April 28, 2014

Market outlook

We had a poor follow through post Friday's sell off. This means the correction is likely to get over sooner than later most probably around 6700 levels. If at all this level breaks, the market will offer a good buy-on-dips opportunity between 6600 and 6700.

Trade accordingly.

Option writing points to support at 6500 and resistance at 7000.

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