@ Resistance!!!

Indian markets to open on Flat to Positive note tracking global markets, SGX Nifty is trading @ 8249 (12 points)

All eyes on RBI Monetary policy which is going to be held on 7th June 2016 Tuesday (Tomorrow).

Nifty is trading 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 tomorrow.

As mentioned earlier also 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.