Indian markets to open on a negative note tracking global markets, SGX Nifty is trading @ 7789 (-130 points)
We saw Nifty gave importance to Super Trend and Hammer on daily charts and touch 7880 - 7890 yesterday. Hope everyone was able to capture the move and book profits at higher levels.
Today markets are likely to witness Gap down opening looking at SGX Nifty. We have to watch and watch now and see how it moves in the first half.
Areas to watch out :
Supports @ 7810 - 7750 - 7700
Resistance @ 7900 - 7950 - 8000
Bias will be wait and watch.
Trade with Strict stoploss and with Proper Money Management.
Regards,
Mayur, S.
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