Hi All,
Markets are likely
to open on a positive note tracking global markets, SGX Nifty is trading @ 9671
(+38 Points)
Nifty went below 9600 levels yesterday but
could not sustain below it and bounced back till 9621 and closed @ 9616.
Markets may open positive and may touch
all time high that’s what SGX Nifty is suggesting and then we have see whether
is sustains above 9650 – 9660 levels or not. Today’s closing will be important
for markets going ahead if it closes above 9650 then we can expect new highs in
the coming week and if it closes below 9590 – 9580 then there will be weakness
in the up move.
Areas to watch out
Supports @ 9600 -
9580 - 9550 – 9520
Resistance @ 9650 - 9700
Regards,
Mayur Shah.
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