Nifty Market Review:
Nifty Market opened on a positive note and jumped above 6550 mark in the early trade. In the afternoon session it made a high of 6591 and finally ended at 6583 with a gain of 1.36%. The Advance Decline ratio was almost flat.
For Last two weeks Nifty was trading in a narrow range of 6550 to 6475, but yesterday it broke this range upside and closed very strong. We take this breakout as a "Flag" breakout, which is a continuation pattern. Thus we maintain bullish view on Nifty and revise our target to 6950 from 6850. On the downside, Nifty has immediate term support at 6425, however, the short term support remains at 6200.
Sell Nifty Below 6515 SL 6541 TGT 6460
Nifty Market opened on a positive note and jumped above 6550 mark in the early trade. In the afternoon session it made a high of 6591 and finally ended at 6583 with a gain of 1.36%. The Advance Decline ratio was almost flat.
For Last two weeks Nifty was trading in a narrow range of 6550 to 6475, but yesterday it broke this range upside and closed very strong. We take this breakout as a "Flag" breakout, which is a continuation pattern. Thus we maintain bullish view on Nifty and revise our target to 6950 from 6850. On the downside, Nifty has immediate term support at 6425, however, the short term support remains at 6200.
Actionable Ideas on Nifty for 25 March 2014: Nifty Tips
Buy Nifty Above 6595 SL 6564 TGT 6650Sell Nifty Below 6515 SL 6541 TGT 6460
Stock Market Tips Today:
HDFC Bank
Buy @ 750.65 SL: 744 TGT: 765
NMDC
.jpg)