- markets rangebound between 8000 and 8500
- within this range, trend is down but can easily reverse
- expect strong support near 8000 levels
- monthly close below 8000 may lead to a bigger correction
- option writing points to support at 8000 and resistance at 8500.
- within this range, trend is down but can easily reverse
- expect strong support near 8000 levels
- monthly close below 8000 may lead to a bigger correction
- option writing points to support at 8000 and resistance at 8500.
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