May 12, 2015

Market outlook

- markets unable to cross 8350-8400 spot
- big reversal bar
- inference is of a market rangebound between 8000 and 8350
- option writing points to resistance at 8500
- close above 8400 will be bullish
- break of 8000 will lead to more downsides


No comments:

Post a Comment

Share this...