Nifty opened on a negative note and made a low of 6708 and finally ended at 6715 with a loss of 0.68%. The Advance Decline ratio was almost 2:3.
Nifty fell below 61.80% retracement level of its recent rally from 6665 to 6869. But we feel that the market undertone is bullish and this correction is a good buying opportunity. 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 fell below 61.80% retracement level of its recent rally from 6665 to 6869. But we feel that the market undertone is bullish and this correction is a good buying opportunity. We maintain bullish view on Nifty with our short term target of 6950. On the downside, 6650 remains an important support for short term.
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