NIFTY CASH CLOSED AT 11498
Global markets are in total panic due to US China trade issues. 11436 is the first target if these continues and 11616 is the strong resistance for now.
Initially it will keep trading within 11616 and 11436. It is still safe till it keeps closing above 11436.
11436 is the very strong support. More panic will be seen only if it break that level. If it breaks that on closing basis than only 11378 will be seen.
In spite of these news, we will buy if it really fall around 11378, because chances will be great that it will bounce back from there once.
Rest we will trade during market hours.
GOOD LUCK
SOURCE : WWW.INDIARIGHTNOW.COM
Global markets are in total panic due to US China trade issues. 11436 is the first target if these continues and 11616 is the strong resistance for now.
Initially it will keep trading within 11616 and 11436. It is still safe till it keeps closing above 11436.
11436 is the very strong support. More panic will be seen only if it break that level. If it breaks that on closing basis than only 11378 will be seen.
In spite of these news, we will buy if it really fall around 11378, because chances will be great that it will bounce back from there once.
Rest we will trade during market hours.
GOOD LUCK
SOURCE : WWW.INDIARIGHTNOW.COM
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