Indian markets to open on a positive note today tracking global markets, SGX Nifty is trading @ 7782 (+20 points)
On Friday Nifty closed @ 7749 below 7780 - 7770 mark. Its has broken the daily basing range of 7770 - 7940.
Going ahead 7730 - 7675 will be key levels to watch out. If it breaks and manages to stay below 7680 - 7670 then we can expect 7550 - 7500 levels in short term.
Areas to watch out :
Supports @ 7730 - 7700 - 7670
Resistance @ 7780 - 7820 - 7860
Bias remains wait and watch as its trading near daily support area.
Trade with Strict stoploss and with Proper Money Management.
Regards,
Mayur S.
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