August 25, 2014

Market outlook

Broader trend is up with support at 7540.

EOD charts

Intraday charts

On 5 min charts, we had a nice rally which got terminated when it broke 7950 spot. Nature of the fall points to more volatility, looking ahead.

On hourly charts we have support at 7850 spot... break of this on hourly charts can lead to trend reversal.

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