Trading Flat!!!

Hi All,

Markets are likely to open on a Flat to positive note tracking global markets, SGX Nifty is trading @ 8755 (+7 Points) (Monday Nifty future closed @ 8748, today SGX Nifty is trading @ 8755 (8755-8748 = +7)

Personal View : Mayur Shah Educational Instructor.

After a gap down opening on Monday Nifty traded sideways throughout the day from 8698 to 8746. Now its trading @ daily basing area support of 8470 – 8730, so going short now will be not be advisable and we will sell on rise with proper evidence on charts.

Areas to watch out

Supports @ 8680 – 8640 - 8600

Resistance @ 8750 – 8800 - 8860

Bias will change to Negative for Medium term if Nifty breaks 8530 – 8480 levels.

Trade with Strict stoploss and with Proper Money Management.

Regards,

Mayur S.