January 27, 2015

Market outlook

Trend is up with trendline resistance at 9000  spot levels. Support exists at 8400 levels.

Incidentally though markets closed strongly in the positive, advance decline was flat. Note that on Friday also, we had good closing but advance decline was negative.

Note expanding triangle on nifty...

EOD charts:

Intraday charts: were bullish on breakout above the green box.

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