June 26, 2015

Market outlook

- trend up on daily charts but down on weekly charts
- past 4 days we are seeing rangebound trading
- strong resistance at 8500 levels
- option writing points to support at 7900 (highest OI) and resistance at 8500 (low OI)
- this means option writers are bearish and see limited upsides.

No comments:

Post a Comment