Mr. Rajan day!!!

Indian markets to open on Positive note tracking global markets, SGX Nifty is trading @ 8267 (32 points)

All eyes on RBI Monetary policy, Nifty is trading at resistance with RSI in overbought zone on daily and hourly charts so going long will not be preferable now, also markets are likely to remain volatile because of RBI meet. If NO change in the policy market can take it negative for short term.

As mentioned earlier that 8130 - 8100 key supports for Nifty and key resistance will be near by 8260 - 8300 levels.

Areas to watch out :

Supports @ 8200 - 8170 - 8130 - 8060 - 8000
Resistance @ 8250 - 8300 - 8340

Bias will be wait and watch.

Trade with Strict stoploss and with Proper Money Management.

Regards,
Mayur S.