Eyes on FED & BOJ!!!

Indian markets are likely to open on positive today tracking global markets, SGX Nifty is trading @ 8146 (+29 points)

Nifty trading in a range since two days 8060 - 8140 levels as traders are waiting for the Federal Reserve decision on rates and Bank of Japan policy meeting outcome while upcoming vote on whether the UK will remain in the European Union.

A break below 8060 will open doors for 7990 - 7950 and a break above 8140 will lead Nifty towards 8180 - 8200. However trade cautiously.

Areas to watch out :
Supports @ 8060 - 7990 - 7950
Resistance @ 8140 - 8170 - 8200

Bias remains Negative and sell on rise will be strategy to be followed with proper evidence on charts.

Trade with Strict stoploss and with Proper Money Management.

Regards,

Mayur S.