Fingers Crossed

Indian markets to open negative today tracking global markets, SGX Nifty is trading @ 7878 (-45 points)

Yesterday markets managed to close above 7900, so now going ahead looks like market will move upwards with resistance near by 7960 - 8000 levels.

However, Today's closing is important for markets, if it close above 7900 - 7920 levels then we can see Nifty touch 8000 or higher in next week, So finger's crossed.

Areas to watch out :
Supports @ 7870 - 7850 - 7810
Resistance @ 7920 - 7950 - 8000

Bias remain positive. Buy on dips will be advisable.

Trade with Strict stoploss and with Proper Money Management.

Regards,
Mayur, S.