Indian markets to start the week on a positive note tracking global markets, SGX Nifty is trading @ 7778 (+29 points)
Super Trend + Hammer
Hammer on daily charts with Super Trend support suggesting a short term bounce till 7780 - 7830 levels, with key supports @ 7700 - 7670.
Areas to watch out :
Supports @ 7700-7670-7590
Resistance @ 7740-7780-7830-7860
Bias will change to positive if Nifty breaks 7740 - 7750 mark for short term.
Trade with Strict stoploss and with Proper Money Management.
Mayur, S.
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