Recovery time!!!

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.