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.
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