Thursday 4 August 2016

Nifty may recover on GST Bill!!!

Hi All,

Sensex, Nifty may recover on GST Bill; global cues supportive, SGX Nifty is trading @ 8629 (+45 Points).

Yesterday markets broke 8590 - 8570 which was crucial support for Nifty. It triggered Negative Spinning Top on daily charts yesterday.

8520 - 8470 are crucial supports now and strategy we will apply will be sell on rise with resistance nearby 8670 - 8720.

Areas to watch out :
Supports @ 8500 - 8470 - 8430
Resistance @ 8670 - 8720 - 8770 - 8800


Trade with Strict stoploss and with Proper Money Management.

Regards,
Mayur S.

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