Indian markets to open on a Negative note today tracking global markets, SGX Nifty is trading @ 7877 (-31 points)
Nifty surpassed the resistance level 7900 - 7920, but in the second half due to profit booking Nifty drag below 7900.
Looking at daily charts its trading in a range and the range is 7920 - 7770, A break above or below this levels will decide the future move.
Areas to watch out :
Supports @ 7850 - 7800 - 7770
Resistance @ 7900 - 7950 - 8000
Bias for Nifty will be buy on dips with Proper evidence on charts.
Trade with Strict stoploss and with Proper Money Management.
Regards,
Mayur, S.
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