October 12, 2015

Market outlook

- trend is up on daily charts
- momentum is slowly down
- upside looks limited as rally is almost 10 days old
- profit booking possible on break of 8100 spot.
- correction upto 7900 levels will be healthy.
- trend reversal level is 7690
- I am discarding diametric view as F wave has taken longer time than expected.

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