March 24, 2015

Market outlook

- markets close to bottoming out.
- confirmation will be trading above today's high i.e. 8830 spot.
- rally possible to 8800 where strong resistance is expected
- immediate support 8500 spot.
- break of 8500 can create problems for the market.
- note that market still remains a day trader's market
- option writing points to support at 8500 levels.

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