Todays Nifty Trend

On Friday, Nifty opened on a positive note above 6500 but after making a high of 6522, It started moving sideways in the range of 6510 to 6490 and ended at the level 6493. On Saturday, It was trading in a narrow range of 6500 - 6490 and ended flat at 6493. The Advance Decline ratio was almost 3:2.

 Nifty is moving in a narrow range of 6550 to 6475 for last two week in stock Market. But we feel that the overall nifty trend is positive thus any correction is a good buying opportunity in nifty, we maintain our nifty target of 6850. On the downside, Nifty has immediate term support at 6425, however, the short term support remains at 6200.

NIFTY TREND