February 15, 2017

Market outlook

Daily charts
- trend is up on daily charts
- last few days, markets increasingly rangebound
- signs of selling pressure at higher levels
- today, markets recorded highest one day fall in this month
- AD was 1:4, VIX up 1%
- option writing support 8500 resistance 9000

5 min charts
- short on break of supports
- cover on close above 2nd box

- did not trade today

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