July 19, 2016

Market outlook

Daily charts
- trend is up on daily charts
- some signs of weak selling but nothing to indicate trend reversal
- option writing support 8400 resistance 8600

5 min charts
- first 20-25 min high low created  levels for the day
- breakout failure (long) just before 1pm
- break of day's low attracted buying
- markets rangebound thereafter

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