- trend is down on daily charts
- there was no follow thru buying for Friday's rally
- so far my view that Friday's rally was a relief rally is true
- immediate support area is around 8300.
- below 8300, expect correction to 8200-8000 levels.
- Option writing points to support at 8200 and resistance at 8600.
- there was no follow thru buying for Friday's rally
- so far my view that Friday's rally was a relief rally is true
- immediate support area is around 8300.
- below 8300, expect correction to 8200-8000 levels.
- Option writing points to support at 8200 and resistance at 8600.
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