Nifty opened on a positive note and started trading in a narrow range of 6805 to 6790. But in the last hour of trade it broke this range upside and made a high of 6825, finally it ended at 6817 with a gain of 0.56%. The Advance Decline ratio was 2:1.
On Friday, Nifty witnessed good buying interest at lower levels and broke the neckline of Inverse Head and Shoulder pattern on the intraday chart. We maintain bullish view on Nifty with our short term target of 6950. On the downside, 6650 remains an important support for short term.
Support 2: 6771
Resistance 1: 6833
Resistance 2: 6848
On Friday, Nifty witnessed good buying interest at lower levels and broke the neckline of Inverse Head and Shoulder pattern on the intraday chart. 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 SUPPORT AND RESISTANCE LEVEL
Support 1: 6794Support 2: 6771
Resistance 1: 6833
Resistance 2: 6848
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