December 18, 2015

NIFTY EOD charts

- trend is up on line charts and down on candlestick charts
- today markets closed in the negative
- advance decline was flat
- after 3 days of higher high higher low, today was first day of negative closing
- another 1-2 days of lower high lower low is permissible
- above will also define new swing high
- option writing resistance at 8000. Limited upsides?

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