Trend is up and will reverse on close below 7700.
Any correction from here will likely form a higher swing low (ideally around 7800 or above).
Option writing points to support at 8000 (NOV series).
EOD charts
Intraday 5 min charts hints at start of profit booking.
On 30 min charts, consider trend as up above 8290 spot. Close below this will be negative for markets.
Any correction from here will likely form a higher swing low (ideally around 7800 or above).
Option writing points to support at 8000 (NOV series).
EOD charts
Intraday 5 min charts hints at start of profit booking.
On 30 min charts, consider trend as up above 8290 spot. Close below this will be negative for markets.
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