Nifty market opened almost flat and for entire day it was trading in a narrow range between 7125 to 7085 and ended at the flat node at 7108. The Advance Decline ratio was almost 2:1.
Nifty tested our short term target of 7100, Now if it sustains above 7175 then we may see further upmove. On the downside, If Nifty breaks 7050 then we may see a correction, thus One should revise stop-loss to 7050 for all the long positions.
Today's important level for nifty in which it can be seen in today's share market are as follows:
Support Level 1: 7079
Support Level 2: 7049
Resistance Level 1: 7140
Resistance Level 2: 7171
Nifty tested our short term target of 7100, Now if it sustains above 7175 then we may see further upmove. On the downside, If Nifty breaks 7050 then we may see a correction, thus One should revise stop-loss to 7050 for all the long positions.
Today's important level for nifty in which it can be seen in today's share market are as follows:
Support Level 1: 7079
Support Level 2: 7049
Resistance Level 1: 7140
Resistance Level 2: 7171
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