Nifty opened on a positive note and jumped above 6700 mark, It made a high of 6730 but could not sustain on higher levels and witnessed profit booking. In the afternoon sessions it took support at 6662 and witnessed some recovery, finally it ended at 6704 with a gain of 0.12%.
The Advance Decline ratio was almost 2:1. Nifty continued its uptrend and breached 6700 mark on Friday. We feel this uptrend will continue thus any correction is a good buying opportunity. We maintain bullish view on Nifty with our target of 6950. On the downside, Nifty has the short term support at 6430.
The Advance Decline ratio was almost 2:1. Nifty continued its uptrend and breached 6700 mark on Friday. We feel this uptrend will continue thus any correction is a good buying opportunity. We maintain bullish view on Nifty with our target of 6950. On the downside, Nifty has the short term support at 6430.
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