Tuesday 9 August 2016

Indecisive Doji!!!

Hi All,
Markets are likely to open on a flat to positive note, tracking global markets, SGX Nifty is trading @ 8741 (+10 Points).
Yesterday markets traded in a narrow range - 8723-8697. On daily charts Nifty has created a small indecisive candle. So the view will be wait and watch till we see anytime on charts.
All eyes will be on RBI today.
Areas to watch out :
Supports @ 8690 - 8650 - 8620 - 8580 - 8560
Resistance @ 8730 - 8770 - 8800 - 8850

Trade with Strict stoploss and with Proper Money Management.
Regards,
Mayur S.

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