Nifty Market Trend:
Nifty opened on a positive note and jumped above 6650 mark, It made a high of 6684 and started moving sideways in the range of 6675 to 6645 in today's stock market. But in the last half an hour of trade it broke this range upside tested 6700 mark. Finally after making a high of 6702, nifty ended at 6695 with a gain of 0.82%. The Advance Decline ratio was almost 2:1.Nifty continued its uptrend and tested 6700 mark on Friday. We feel this uptrend will continue thus any correction is a good buying opportunity in today's Nifty. We maintain bullish view on Nifty with our target of 6950. On the downside, Nifty has the short term support at the level 6430.
Nifty Levels for 31st March 2014
Support 1: 6658Support 2: 6621
Resistance 1: 6717
Resistance 2: 6739
Intraday Stock Picks
BUY IRB @ 101.60 SL 99.30 TGT 106BUY PTC @ 66.55 SL 63.90 TGT 71.50
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