Hi All,
Markets to open on a Negative note today tracking global markets, SGX Nifty is trading @ 8037 (-41 Points)
After a huge dive on Friday of 300 points, Nifty gave a Candle Divergence on hourly charts and bounced back to 8080 levels giving a close above 8000 - 8050 levels.
On weekly charts - Rickshaw man (Indecisive candle) formed which indicates Nifty will be trading in a range of 7920 - 8300 until there a break above or below these levels.
Areas to watch out :Supports @ 8000 - 7920 - 7900
Resistance @ 8100 - 8130 - 8160
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.
Mayur S.
No comments:
Post a Comment