Nifty opened on a positive note but entire day it was trading in a narrow range of 7310 to 7340 and finally ended at 7329 with a gain of 0.16%. The Advance Decline ratio was almost 2:1.
The overall trend for nifty is bullish. Thus we are maintaining bullish view on nifty with our target of 7563, which is 16th May high. On the downside, any correction is a good buying opportunity, Nifty has strong support at 7300 for immediate term. However, the range of 7000 - 7100 remains a strong support range for short term.
The overall trend for nifty is bullish. Thus we are maintaining bullish view on nifty with our target of 7563, which is 16th May high. On the downside, any correction is a good buying opportunity, Nifty has strong support at 7300 for immediate term. However, the range of 7000 - 7100 remains a strong support range for short term.
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