Bear's pulling up their shocks!!!

Hi All,

Markets are likely to open on a Positive note tracking global markets, SGX Nifty is trading @ 9342(+25 Points)

As mentioned in the last post that there’s a Hanging man candlestick pattern on daily chart and a break below 9325 – 9320 will open doors for bear, On Friday markets open positive and then it broke 9325-9320 levels and created a low of 9272 and closed @ 9285 giving one more Bearish signal on daily charts – Bearish Engulfing Line and now a break below 9280 – 9270 will open doors for bears till 9210 – 9140 – 9080 levels with resistance near 9360 - 9380

Bias will change to negative if Nifty sustains below 9270 – 9250 levels.

Areas to watch out
Supports @ 9270 - 9250 – 9190 - 9130
Resistance @ 9360 - 9380 – 9400 - 9450

Regards,
Mayur Shah.