September 4, 2014

Market outlook

Markets form first day ow "lower high lower low" correction. After 2 weeks of a rally, a pause is perfectly fine. This pause can be for 3-4 days and it is normal.

OPtion writers are bullish that 8000 will not break this series.

On EOD charts, my reversal is at 7540 spot.

On hourly charts, my reversal level remains the same at 7850 spot.

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