BULLISH NIFTY LEVELS TODAY

NIFTY VIEW

Nifty opened on a negative note and made a low of 6750, thereafter entire day it was trading in a narrow range of 6750 to 6780 and finally ended at 6761 with a loss of 0.32%. The Advance Decline ratio was almost flat.

Now Nifty has support at 6743, which is 61.80% retracement level of its recent rally from 6665 to 6869. But we feel that the market undertone is bullish and this correction is a good buying opportunity. We maintain bullish view on Nifty with our short term target of 6950. On the downside, 6650 remains an important support for short term.

NIFTY LEVELS FOR 29TH APRIL 2014

Support 1: 6745
Support 2: 6729
Resistance 1: 6781
Resistance 2: 6801

NIFTY CHART