Nifty opened almost flat and started moving side ways in the range of 6725 to 6750. In the afternoon session it broke this range downside and fell below 6700 mark. Finally after making a low of 6665, it ended with loss at the level 6675.
Nifty is facing some resistance near to 6800, yesterday it broke 6700 mark also. Now it has an important support at 6650. We have suggested that the market undertone is bullish thus one can hold long positions. We maintain our short term target of 6950.
Support 2 6612
Resistance 1 6727
Resistance 2 6779
Nifty is facing some resistance near to 6800, yesterday it broke 6700 mark also. Now it has an important support at 6650. We have suggested that the market undertone is bullish thus one can hold long positions. We maintain our short term target of 6950.
NIFTY RANGE TODAY
Support 1 6644Support 2 6612
Resistance 1 6727
Resistance 2 6779
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