March 20, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed flat. AD was slightly negative
- today, markets formed first lower high lower low
- upto 2-3 such candlesticks are permitted in any rally
- option writing support 8800
- option writing resistance APRIL series is at 9500

5 min charts
- break of yesterday's support was sell signal
- nothing happened after that

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