Bulls attack!!!

Nifty is likely to on strong note tracking global markets. SGX Nifty is trading 59 points higher.

Levels to watch out :
Supports @ 7660-7590-7550-7500
Resistance @ 7760-7790-7830-7880

Nifty likely to open near the daily resistance area of 7740-7780 so we may see profit booking or some sell off near these areas, However we are not initiating any trade now as there is no sell signal as of now. Will wait for proper indication on charts.

Markets will remain closed from 14-April and it will open on 18 April i.e, Monday. So taking an overnight trade will be bit risky.

Bias remains cautious for both Bulls as is trading at daily resistance. Trade with strict Stoploss.

Regards,
Mayur. S