Wait and watch!!!

Hi All,

Markets are likely to open on a Negative note tracking global markets, SGX Nifty is trading @ 8492 (-27 Points).

Nifty continue its southward journey, yesterday Nifty was struggling 8530 - 8550 resistance and in the second half if went below 8500 mark and closed @ 8484.

Areas to watch out

Supports @ 8470 – 8410 - 8350

Resistance @ 8550 – 8600 – 8630 - 8660

Bias remains negative with wait and watch for proper signals.

Trade with Strict stoploss and with Proper Money Management.

Regards,

Mayur Shah.