Markets are likely to open the 1st day of July flat tracking global markets, SGX Nifty is trading @ 8337 (1 Point)
Yesterday Nifty went above 8300 creating a high of 8308 and closed below 8300. Closing above 8300 - 8340 levels will help Nifty to 8370 - 8490 - 8530 levels cause this are the next levels of resistance.
However Nifty is trading in overbought zone on Hourly, Daily and weekly charts, Going long will not be advisable now. we will use the same strategy - Buy on dips with proper evidence on charts.
Areas to watch out :
Supports @ 8240 - 8200 - 8150
Resistance @ 8310 - 8340 - 8370
Trade with Strict stoploss and with Proper Money Management.
Regards,
Mayur S.
No comments:
Post a Comment