March 2, 2015

Market outlook

- trend is up with reversal level at 8660 spot
- markets form second hanging man
- third day of higher high higher low
- advance decline mildly positive
- option writing pointing to resistance at 9000/ 9200 and support at 8500.

EOD charts

Intraday charts

First trade was short (not advisable)... second was long as per arrows drawn. Both trades were moderately profitable.

No comments:

Post a Comment

Share this...