Thursday 5 May 2016

Support Zone!!!

Indian markets to open flat to positive note tracking global markets, SGX Nifty is trading @ 7730 (+6 points)
Markets are trading at supports of 7700 - 7670 levels, We cant buy Nifty as there is no reversal signal on charts as of now. We have to wait for proper evidence on charts to give us a buy signal.
Areas to watch out :
Supports @ 7700-7670-7590
Resistance @ 7750-7780-7860-7890-7940
Bias will be wait and watch as its trading at crucial supports & wait for any reversal signal on charts.
Trade with Strict Stoploss and with Proper Money Management.
Regards,
Mayur, S.

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