Wait and watch!!!

Indian markets to open on a flat to positive note, tracking global markets,.

Yesterday Nifty created a low of 7822 and then we saw bounce of more than 100 points creating a day high of 7974, closed @ 7962.

Nifty is trading near its resistance of 7970 - 8000 levels, so a Short at these levels with proper evidence on charts will be good opportunity.

Markets will remain volatile as we are nearing to FNO Expiry which is on 28-April Thursday.

Areas to watch out :
Supports @ 7940-7870-7820
Resistance @ 7970-8000-8040

Bias will be wait and watch for proper evidence on charts, A short trade can be taken if Nifty breaks 7940-7930 levels and sustain below it, with resistance of 7970-8000 levels.

Trade with Strict Stoploss and with Proper Money Management.

Regards,
Mayur. S