Hi All,
Markets are likely
to open on a flat note tracking global markets, SGX Nifty is trading @ 9349(+3
Points)
On daily charts there’s a Bearish
candlestick pattern - Engulfing Line with RSI classic Negative Divergence will
have to wait for Nifty to break 9270 – 9260 and if it sustains below 9260 then
we can expect a further fall till 9210 – 9140 – 9090 levels and a break above
9380 – 9400 will be positive for Nifty.
Bias will wait and
watch for either side breakout.
Areas to watch out
Supports @ 9270 -
9250 – 9190 - 9130
Resistance @ 9360
- 9380 – 9400 - 9450
Regards,
Mayur Shah.
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