Nifty market opened on a positive note and made a high of 6780 but could not sustain on higher levels and fell sharply in the afternoon session. It broke 6700 mark and made a low of 6656, finally it ended at 6696 with a loss of 0.28%. The Advance Decline ratio was almost 2:5.
Now Nifty has strong support at 6650, thus one can hold long positions with stop-loss of 6650. We maintain bullish view on Nifty with our short term target of 6950. On the downside, 6650 remains an important support for short term.
Now Nifty has strong support at 6650, thus one can hold long positions with stop-loss of 6650. We maintain bullish view on Nifty with our short term target of 6950. On the downside, 6650 remains an important support for short term.
.jpg)