Hi All,
Markets are likely
to open on a Positive note tracking global markets, SGX Nifty is trading @ 9807
(+13.5 Points)
Nifty touched all time high of 9830 and
closed @ 9786 yesterday, on Daily charts Nifty gave a Bearish Shooting star –
candlestick pattern and a break below 9780 – 9770 will be negative for markets
in near term with supports nearby 9700 – 9640.
Bias will change to Negative if Nifty sustain
below 9780 - 9770 levels.
Areas to watch out
Supports @ 9770 –
9700 – 9640 - 9580
Resistance @ 9830 – 9850 – 9900
Regards,
Mayur Shah.
Global stocks scaled record highs on Friday, with Asian equities rising for the fifth straight session, as signs the Federal Reserve will pursue a gradual rate tightening path and hopes of a strong earnings season lifted appetite for risk assets.capitalstars
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