Hi All,
Markets are likely to open on a Negative note, tracking global markets, SGX Nifty is trading @ 8805 (-19 Points)
Multiple Negative Classic Divergence on Hourly charts indication weakness in the momentum, Break below 8760 – 8740 will be Negative for markets with support nearby 8710 – 8670 and resistance @ 8820 – 8840.
Areas to watch out
Supports @ 8755 - 8700 – 8660 - 8620
Resistance @ 8800 – 8840 - 8900
Bias will change to Negative if Nifty breaks 8750-8730.
Trade with Strict stoploss and with Proper Money Management.
Regards,
Mayur S.
No comments:
Post a Comment