Personal View : Mayur Shah Education Instructor
Nifty is likely to witness a strong opening as SGX Nifty is trading 60 points higher.
Markets last week ended flat with Nifty managed to closed above 7500, However its still trading at daily resistance of 7600 - 7560 levels. Going long will be not advisable now as its trading in the Overbought area.
Short-Medium Term View : The upward journey is likely to continue until and unless Nifty closes below 7500 - 7400 mark. Will update the view whenever we get proper evidence on charts.
Bias remains positive for Nifty and buying on dips will be advisable.
Trade with Stoploss and with Proper Money Management.
Regards,
Mayur. S
Mayur. S
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