Hi All,
Markets are likely
to open on a Positive note tracking global markets, SGX Nifty is trading @ 9410
(+17 Points)
Markets took resistance of 9450 yesterday
and tanked by 52 points, However it bounced a little from crucial support of
9370 and closed @ 9381 and gave a Positive Classic Divergence on hourly charts
which will triggered when Nifty breaks 9440 – 9450 levels and a Break below
9390 – 9370 will open doors for bears with next supports nearby 9300 – 9270 and
resistance can be seen near 9480 – 9510.
Bias will be wait
and watch for a break on either side.
Areas to watch out
Supports @ 9370 –
9300 - 9270
Resistance @ 9450 - 9480 – 9530 - 9550
Regards,
Mayur Shah.
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