Nifty opened on a positive note but after making a high of 6776, it witnessed profit booking and it made a low of 6696 in the afternoon session. Thereafter it witnessed some recovery and it ended at 6736.
Nifty is continuously making higher tops and higher bottoms on the intraday chart. 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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Support 2: 6656
Resistance 1: 6776
Resistance 2: 6816
Buy Adani Power@ 51.70 SL: 49.60 TGT:55
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Nifty is continuously making higher tops and higher bottoms on the intraday chart. 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.
Nifty Levels
Support 1: 6696Support 2: 6656
Resistance 1: 6776
Resistance 2: 6816
Intraday Stock Tips
Buy UPL @ 200.80 SL: 195 TGT: 210Buy Adani Power@ 51.70 SL: 49.60 TGT:55
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