Hi All,
Markets are likely to open on a Negative note tracking global markets, SGX Nifty is trading @ 8668 (-19 Points).
Personal View : Mayur Shah Educational Instructor
Yesterday markets crossed 8700 and created a high of 8711 but was unable to sustain above 8700 and closed @ 8636.
On daily chart Nifty has created a Bearish Spinning Top with RSI Classic Negative Divergence which indicates a halt at uptrend. Break below 8590 - 8570 will open doors for Bears with supports near by 8500 - 8470.
Bias will change to Negative if Nifty breaks 8590 - 8570.
Trade with Strict stoploss and with Proper Money Management.
Regards,
Mayur S.
Mayur S.
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