February 27, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed 0.5% in negative
- AD was negative, VIX up 2%
- option writing support 8500 resistance 9000
- RELIANCE was up 5%. If this stock was flat, NF would have been down by another 50 points.

5 min charts
- on intraday charts, NF was rangebound entire day
- possible short trades are shown marked with arrows

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