Hi All,
Markets are likely
to open on a flat note tracking global markets, SGX Nifty is trading @ 8177 (-7
Points).
Markets are likely to open on flat note on the first trading day of 2017.
New Year, New
hopes for Market - Bullish Engulfing Line (Weekly charts).
Bullish Engulfing
line + Candle Divergence(RSI) has occurred on weekly charts, Break above 8270 -
8300 will be positive for markets in medium term. If it breaks 8270 - 8300 then
it will leads towards basing area resistance of 8500 - 8750 with supports
nearby 7980 - 7880.
Areas to watch out
Supports @ 8150 -
8110 - 8060 - 8000
Resistance @ 8230
- 8280 - 8350
Bias will be buy
on dips with proper confirmation on charts.
Regards,
Mayur Shah.
Mayur Shah.
