Trend is up with support at 8300. Swing low support is at 7700.
Resistance is expected around 8450-8500.
Sustaining above this will have bullish implications with rally possible to 8900.
Option writing points to support at 8300 and resistance at 8500.
EOD charts...
Intraday charts - 5 min charts shows the areas of sell signals... there were multiple signals today.
These short trades got stopped around 8385 spot.
Since the broader trend is up (till it reverses), I will not be trading the short side.
Resistance is expected around 8450-8500.
Sustaining above this will have bullish implications with rally possible to 8900.
Option writing points to support at 8300 and resistance at 8500.
EOD charts...
Intraday charts - 5 min charts shows the areas of sell signals... there were multiple signals today.
These short trades got stopped around 8385 spot.
Since the broader trend is up (till it reverses), I will not be trading the short side.
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