Trend is still up with support at 6850-6640.
Note possible formation of cluster island reversal. This is a bearish pattern and confirmation will be a gapdown opening below 7000.
Option writing clues point to support at 6400 and resistance at 7500. This means from current levels, writers are expecting a move not exceeding 500 points eitherway.
Note possible formation of cluster island reversal. This is a bearish pattern and confirmation will be a gapdown opening below 7000.
Option writing clues point to support at 6400 and resistance at 7500. This means from current levels, writers are expecting a move not exceeding 500 points eitherway.
No comments:
Post a Comment