Hi All,
Markets are likely to open on a Negative note tracking global markets, SGX Nifty is trading @ 8632 (-27 Points).
Market opened positive yesterday but it gave all the gains in the second half and closed @ 8622.
View remains same as posted yesterday (2-Aug-2016), Break below 8590 - 8570 will open doors for Bears with supports near by 8500 - 8470.
Areas to watch out :
Supports @ 8590 - 8570 - 8500 - 8470
Resistance @ 8670 - 8720 - 8770 - 8800
Bias will change to Negative if Nifty breaks 8590 - 8570.
Trade with Strict stoploss and with Proper Money Management.
Regards,
Mayur S.
Thanks
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