Hi All,
Markets are likely to open on a positive note
tracking global markets, SGX Nifty is trading @ 8648 (+44 Points).
Yesterday
Nifty opened positive touching day high of 8610 but due to selling pressure it
came down till 8519 in morning and then traded in a range and in last half hour
we saw buying at support which led Nifty to closed above 8560 mark. Global Markets and liquidity can be two important factors which
will affects markets.
Overall Nifty
is basing on daily charts from 8470 - 8710, so buy near supports and sell near
resistance with proper evidence on charts.
Areas to watch
out :
Supports @ 8550 - 8500 - 8470 - 8430
Resistance @ 8610 - 8670 - 8720 - 8770 - 8800
Trade with
Strict stoploss and with Proper Money Management.
Regards,
Mayur S.
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