Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed flat at 8660
- AD was 5:4

- this was 3rd consecutive day of higher high higher low
- nifty opened gap up but could not sustain at highs

- now we have various possibilities
- retest of recent lows and then breakout above 9000
- break of recent lows
- rangebound market




3 min charts:



15 min charts: