Hi All,
Markets are likely to open on a flat note tracking global markets, SGX Nifty is trading @ 9626 (-11 Points)
Yesterday markets went above 9630 but took resistance @ 9650 and closed @ 9621 gave a candle divergence on daily and hourly charts.
Break below 9610 – 9600 will be negative for markets in short term with supports near 9550 – 9520 and resistance near 9650 – 9660.
Bias will change to negative for short term if Nifty breaks and sustain below 9600.
Areas to watch out
Supports @ 9600 - 9550 - 9520 – 9490 – 9430 - 9380
Resistance @ 9650 - 9700
Regards,
Mayur Shah.
Benchmark indices were trading off the day’s low points, with the Nifty hovering 9800-mark.capitalstars
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