January 25, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed 1.5% in positive
- close was handsomely above 8500
- trend reversal level is 8300
- option writers are bullish with highest OI at 8400 put.
- high possibility of markets doing timepass in FEB

5 min charts
- now trading is so easy
- just buy on open and hold till end of day

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