Daily, Hourly, Intraday Basing!!!

Markets are likely to open on flat to Negative note today tracking global markets, SGX Nifty is trading @ 8065 (-14 Points)

Markets will remain volatile this week as FNO contracts will expire on Thursday 30-June-2016.

Nifty on Intraday charts is trading in range of 8050 - 8120, Also on hourly charts Nifty took resistance of Super Trend. For short term a break above 8050 - 8120/8130 levels will decide the move.

We have to wait and watch for the breakout to enter into the trade.

Areas to watch out :
Supports @ 8050/8030 - 8000 - 7950 - 7920
Resistance @ 8130 - 8180 - 8200 - 8270

Overall Bias remains sideways where Buy nears supports and Sell near resistance will be advisable.

Trade with Strict stoploss and with Proper Money Management.
Regards,

Mayur S.