Nifty likely to start lower ahead of RBI policy; volatility seen.
Supports @ 7700 - 7660 - 7640
Resistance @ 7770 - 7800 - 7840
Yesterday we saw a bounce on Nifty from 7700 - 7710 levels and Nifty managed to close higher @ 7758. However today's opening looks like Negative with 50-60 points gap down open as SGX Nifty is trading 60 points lower.
Markets will be volatile ahead of RBI Monetary policy, with 95 percent of analysts polled by CNBC-TV18 expecting a rate cut by the Reserve Bank. The decision will be due at 11 am.
Key areas for Nifty : Supports @ 7640 - 7580 and Resistance will be @ 7780 - 7800 levels.
Trade with Strict Stoploss and with Proper Money Management.
Regards,
Team ATC.
Team ATC.
No comments:
Post a Comment