Positive!!!

Markets are likely to open on Positive note today tracking global markets, SGX Nifty is trading @ 8165 (33 Points)

Markets will remain volatile as FNO contracts will expire tomorrow - Thursday 30-June-2016.

As mentioned in the last post that Nifty is trading in a range of 8050 - 8130 and a break below or above this levels will decide the move. It went above 8130 and touch Intraday high of 8146, and closed at 8126.

Today's opening likely to be near by 8160 - 8170, Also on hourly chart Super Trend gave a Positive Signal where entry will triggered at 8146 - 8150 with next resistance @ 8200 - 8260.

Areas to watch out :
Supports @ 8100 - 8050/8030 - 8000 - 7950 - 7920
Resistance @ 8200 - 8260 - 8300 - 8340

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.