Hi All,
Markets are likely to open on a positive note tracking global markets, SGX Nifty is trading @ 8727 (+40 Points).
Markets are likely to open green today tracking global markets .
On Friday we saw markets are trading sideways in range from 8625 - 8670, Going ahead a decisive break above 8680 or below 8620 will decide the move.
Buy will be wait and watch as Nifty is trading in overbought area on daily and hourly charts.
Areas to watch out :
Supports @ 8620 - 8570 - 8520 - 8470
Resistance @ 8680 - 8700 - 8750 - 8830
Trade with Strict stoploss and with Proper Money Management.
Regards,
Mayur s.
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