Thursday, February 25, 2016

Wait and Watch . . . ! ! !

Hi All,

SGX Nifty is currently trading flat to negative and our markets are expected to witness the same kind of opening.

The bias for the market still remains cautious and levels to watch out for intraday will be...

Supports – 6980-6950-6800-6850
Resistances – 7050-7090-7125-7155

For any upside in intraday, Nifty should sustain above 7100 levels and should ideally not break 6960 levels.

As mentioned yesterday, the volatility will have to be keenly watch, as markets are expected to be choppy today, mainly in the second half due to the FNO expiry.


Cheers

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