Hi All,
Markets are likely to open on a flat note tracking global markets, SGX Nifty is trading @ 8610 (2 Points).
Markets are likely to remain volatile today because of FNO July contract Expiry.
Also on daily charts Nifty is creating higher high but RSI oscillator is creating lower high which is also a sign of worry for bulls.
Nifty breaks 8500 - 8470 which are crucial support then the overall view for short term will change to negative.
Areas to watch out :
Supports @ 8570 - 8520 - 8470
Resistance @ 8620 - 8650 - 8700 - 8780
Trade with Strict stoploss and with Proper Money Management.
Regards,
Mayur S.
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