June 23, 2016

Market outlook

Daily charts
- trend is up on daily charts
- markets trading in a range for few weeks
- today, NF closed nicely in positive but AD was negative
- option writing levels 8000-8400

Hourly charts
- NF trading near upper end of trading range
- size of rectangle is 200 points

5 min charts
- breakout from initial trading range was bullish
- cover on day close

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