February 8, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed flat
- AD was flat, VIX marginally down at 1%
- option writing support 8500

5 min charts
- today was some RBI policy day
- prefer not to do anything as volatility increases
- anyway, last 2-3 days, markets have been rangebound
- today, NF broke yesterday's low and buyers came in
- close was near high

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