Nifty opened on a positive note and started making higher tops and higher bottoms on the intraday chart. It made a high of 7319 and thereafter it witnessed some profit booking finally it ended at 7276 with a gain of 0.32%. The Advance Decline ratio was almost 3:1.
Nifty is still trading in a range of 7200 to 7325, however trend is bullish and Nifty is witnessing buying interest at lower levels, we may witness further upmove in the days to come. We maintain bullish view with our short term target of 7563. Thus any correction is a good buying opportunity. On the downside 7000 - 7100 will play as a strong support for short term.
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