Hi All,
Markets are likely to open on a positive note tracking global markets, SGX Nifty is trading @ 8821 (+43 Points)
As said in the last update that a break above 8740-8745 will be positive for markets, Yesterday it went above 8740-8745 created a high of 8751 and today’s opening look like it will be nearby 8780-8790 mark.
Markets are likely to open on a positive note tracking global markets, SGX Nifty is trading @ 8821 (+43 Points)
As said in the last update that a break above 8740-8745 will be positive for markets, Yesterday it went above 8740-8745 created a high of 8751 and today’s opening look like it will be nearby 8780-8790 mark.
Today’s closing is important for Markets, if it closes above 8820 – 8830 then it will positive for markets and if it closes below 8700 – 8680 then Negativity to continue.
On hourly charts Super Trend resistance is @ 8780 – 8790 mark, so we have to wait and watch for 1-2 hours. If Nifty hourly candle closes above 8790 then the movement will continue and if it fails to close above 8780 -8790 then we may see sell off in second half.
Areas to watch out
Supports @ 8680 – 8640 - 8600
Resistance @ 8750 – 8800 - 8860
Bias will be wait and watch for proper signals on charts.
Trade with Strict stoploss and with Proper Money Management.
Regards,
Mayur Shah.
On hourly charts Super Trend resistance is @ 8780 – 8790 mark, so we have to wait and watch for 1-2 hours. If Nifty hourly candle closes above 8790 then the movement will continue and if it fails to close above 8780 -8790 then we may see sell off in second half.
Areas to watch out
Supports @ 8680 – 8640 - 8600
Resistance @ 8750 – 8800 - 8860
Bias will be wait and watch for proper signals on charts.
Trade with Strict stoploss and with Proper Money Management.
Regards,
Mayur Shah.
TVS Motor Company reported robust sales nos with a 39% increase in total sales at 2,56,909 units in December
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