Nifty opened on a positive note and started making higher tops and higher bottoms on the intraday chart. It jumped above 6700 mark in early trade and continued its uptrend. In the afternoon session it breached 6800 mark also and finally after making a high of 6871, it ended at 6858 with a gain of 2.99%. The Advance Decline ratio was almost 2:1.
As Expected, Nifty didn't break 6650 and witnessed a sharp bounce back on Friday. After Friday's move we revise our short term target to 7100 from 6950. However, on the downside, 6650 remains a key support level for short term. Thus any correction is a good buying opportunity with stop-loss of 6650.
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As Expected, Nifty didn't break 6650 and witnessed a sharp bounce back on Friday. After Friday's move we revise our short term target to 7100 from 6950. However, on the downside, 6650 remains a key support level for short term. Thus any correction is a good buying opportunity with stop-loss of 6650.
View more nifty and share market updates
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