Hi All,
As expected on Friday, Nifty zoomed up by more
than 100 points today and which means that the high of Friday, i.e. 7034 is
been surpassed easily.
Thanks to the Hammer Pattern on daily
charts, the bias for a while looks bullish with bulls fighting back strongly in
the opening.
India Vix too is down by almost 10% and is
currently trading near 22-22.50% mark.
As we have plenty of important economic
events lined up this month end, traders are requested to take positions with
strict Stop Losses...
Levels to watch out for –
Supports – 7050-7030-7000-6950-6910-6860
Resistances – 7130-7170-7190-7230-7265-7310
Cheers....
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