Back on track!!!

Markets are likely to open on a strong note, as SGX Nifty is trading 50 points higher.

Yesterday we saw Nifty went below 7600 and close below it which is indicating some selling pressure will be there in near term.

Also its trading near the supports of 7580 - 7480 levels, And today its likely to open in the range of 7640-7650 levels as SGX Nifty is trading 50 points higher.

View will be wait and watch, because markets are likely to be volatile because of FNO expiry tomorrow.

Will update view as markets progress and give proper trade based on the charts.

Regards,
Mayur. S