Hi All,
Markets are likely to open on a Positive
note, tracking global markets, SGX Nifty is trading @ 8660 (+19 Points)
Yesterday Nifty tanked by 60 points and
closed nearby Trend support.
Bullish Continuation Symmetrical Triangle
has formed on daily charts (Please refer the chart), Break above 8660 - 8700
will lead Nifty towards 8850 - 8900 levels in coming days.
Areas to watch out
Supports @ 8570 - 8540 - 8500 - 8470
Resistance @ 8650 - 8680 - 8730 - 8760 -
8800
We Expect Nifty to bounce from the Trend
Line Support and break above 8660 - 8700 will be a positive sign for Nifty
going ahead
Trade with Strict stoploss and with Proper
Money Management.
Regards,
Mayur S.
ReplyDeleteS&P BSE Sensex is trading at 33,681, down by 4 points, while NSE Nifty is trading at 10,445 down by 7 points.capitalstars Services