Hi All,
Markets are likely to open on a Positive note tracking global markets, SGX Nifty is trading @ 8498 (+44 Points).
Markets have
recovered sharply from the lows of 8000 amid of Trump Win & Black Money
curb. Yesterday Nifty saw a huge Intraday recovery of 430 points and looks like
it will continue its upward journey and a weekly close above 8500 – 8600 will
lead Nifty towards 8800 – 9000 levels in near team.
Areas to watch out
Supports @ 8390 – 8290
- 8170
Resistance @ 8550 – 8600
– 8630 - 8660
Bias remains positive and buy on dips will be advisable.
Trade with Strict stoploss and with Proper Money Management.
Regards,
Mayur Shah.
Great Research,Really helpful for our Traders.Thank you.
ReplyDeletecapitalstars