Indian markets to open on a Positive note today tracking global markets, SGX Nifty is trading @ 7908 (29 points)
Nifty took support of 7780 - 7770 as said in the last post and created a hammer with Candle Divergence on hourly chart and shot up till 7850-7870 almost near to the second target which we mentioned yesterday (7880).
Today's opening will be higher looking at SGX Nifty which is up by 29 points. If Nifty sustain above 7910 - 7920 levels and closes above it then we can see 8000 - 8060 levels in short term.
Areas to watch out :
Supports @ 7850 - 7800 - 7770
Resistance @ 7880 - 7920 - 7950
Bias will be wait and watch.
Trade with Strict stoploss and with Proper Money Management.
Regards,
Mayur, S.
No comments:
Post a Comment