Markets are likely to open on a flat note, as SGX Nifty is trading 3 points higher.
As expected, Nifty took daily gap resistance of 7675-7720 and it came down by more than 0.5% and in the second half bull take over the charge and Nifty managed to closed above 7700 levels.
Next levels to watch out will be 7730 - 7800 - 7840 and supports @ 7670-7650 - 7620 - 7590 levels
Bias remains positive until it close below 7640-7600 levels for short term,buying on dips will be advisable.
Will update view as markets progress and give proper trade based on the charts.
Regards,
Team ATC.
Team ATC.
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