Markets are likely to open on a flat note, as SGX Nifty is trading 5 points higher.
Yesterday Nifty close 2 month high @ 7704, It has broken the crucial resistance of 7600 - 7540 levels which we were taking about in the last update.
Next levels to watch out will be 7720 - 7800 - 7840 and supports @ 7650 - 7620 - 7590 levels
Bias will be stay cautious as its trading at daily Gap resistance of 7675-7720 levels. A close above 7720 will lead Nifty higher till 7800 - 7840 levels.
Will update view as markets progress and give proper trade based on the charts.
Regards,
Mayur. S
Zinc prices rose as a harsh winter in the United States and China hits supplies
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