NIFTY TREND

Nifty opened on a positive note but entire day it was trading in a narrow range of 7620 - 7650. Finally it ended at 7649 with a gain of 0.30%. The Advance Decline Ratio was almost flat. Yesterday's Nifty was trading in a narrow range, we maintain bullish view on Nifty with our short term target 7800. Thus any correction is a good buying opportunity. On the downside, now Nifty has immediate term support at 7400, however the short term support remains in the range of 7200 - 7100.


TODAY'S NIFTY LEVELS
Support 1: 7609
Support 2 :7569
Resistance 1: 7674
Resistance 2: 7698

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NIFTY RECOMMENDATIONS FOR TODAY

Nifty opened on a positive note but after making a high of 7700, it witnessed profit booking and started making lower tops and lower bottoms on the intraday chart. Finally after making a low of 7589 it ended at 7626 with a loss of 0.39%. The Advance Decline Ratio was almost 2:3.

Yesterday's fall is a correction in a bullish market we maintain bullish view on Nifty with our short term target 7800. Thus any correction is a good buying opportunity. On the downside, now Nifty has immediate term support at 7400, however the short term support remains in the range of 7200 - 7100.

Nifty Recommended Levels for today

Support 1:	7577
Support 2:	7527
Resistance 1:	7688
Resistance 2:	7749

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NIFTY LEVELS FOR TODAY

Nifty opened on a positive note but after making a high of 7683, it fell sharply. It took support at 7579 and witnessed buying interest. Finally it ended at 7656 with a marginal gain of 0.02%. The Advance Decline Ratio was almost flat.
Yesterday's fall is a correction in a bullish market we maintain bullish view on Nifty with our short term target 7800. Thus any correction is a good buying opportunity. On the downside, now Nifty has immediate term support at 7400, however the short term support remains in the range of 7200 - 7100.

Nifty LevelsSupport 1: 7596
Support 2: 7535
Resistance 1: 7699
Resistance 2: 7743

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NIFTY DAILY UPDATES

Nifty opened on a positive note and jumped above 7600 mark. Buy thereafter entire day it was trading in a narrow range of 7630 - 7670 and finally ended at 7654 with a gain of 0.94%. The Advance Decline Ratio was almost 3:1.

Nifty has crossed 7600 mark also, we feel this uptrend will continue thus we maintain bullish view on Nifty with our short term target 7800. Thus any correction is a good buying opportunity. On the downside, now Nifty has immediate term support at 7400, however the short term support remains in the range of 7200 - 7100.

NIFTY LEVELS 
Support 1: 7598
Support 2 :7542
Resistance 1: 7692
Resistance 2 : 7729

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INTRADAY NIFTY LEVELS

Nifty opened on a negative note but after making a low of 7360, It bounced back smartly. In the afternoon session it crossed Wednesday's high of 7433 with good volumes. Finally after making a high of 7484, it ended at 7474 with a gain of 0.97%. The Advance Decline Ratio was almost 5:2. Nifty has broken an important trendline resistance with good volumes. We maintain bullish view on Nifty and revise our short term target 7800 from 7563. Thus any correction is a good buying opportunity. On the downside Nifty has very strong support in the range of 7200 - 7100.

Intraday Nifty Levels

Support 1: 7394
Support 2: 7315
Resistance 1: 7519
Resistance 2 7563

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NIFTY DAILY RECOMMENDATIONS

Nifty opened almost flat and entire day it was trading in a narrow range of 7390 to 7420 and finally ended at 7402 with a loss of 0.18%. The Advance Decline Ratio was almost 5:2.

Now it has trendline resistance at 7450, but looking at the pattern, I think soon it can break this trendline resistance also. We maintain bullish view on Nifty with our short term target of 7563. Thus any correction is a good buying opportunity. On the downside it has very strong support in the range of 7200 - 7100.

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NIFTY TREND & LEVELS

Nifty opened on a positive note and continued its uptrend. In the afternoon session it made a high of 7424 and finally ended at 7415 with a gain of 0.72%. The Advance Decline Ratio was almost 2:1.

Nifty continued its north bound journey and crossed 7400 mark. Now it has trendline resistance at 7450, but looking at the pattern, I think soon it can break this trendline resistance also. We maintain bullish view on Nifty with our short term target of 7563. Thus any correction is a good buying opportunity. On the downside it has very strong support in the range of 7200 - 7100.


NIFTY LEVELS TODAY

Support 1:7363
Support 2;7311
Resistance 1:7446
Resistance 2:7477

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NIFTY LEVELS 3RD JUNE 2014

Nifty market opened on a positive note and jumped above 7250 mark in early trade. Thereafter, it started making a higher tops and higher bottoms on the intraday chart. In the afternoon session it breached 7300 mark also and after making a high of 7368, it ended at 7362 with a gain of 1.83%. The Advance Decline Ratio was almost 3:1.

After taking support near to 7200, Nifty bounced back sharply and successfully crossed an important resistance of 7350. We maintain bullish view on Nifty with our short term target of 7563. Thus any correction in market is a good buying opportunity. On the downside it has very strong support in the range of 7200 - 7100.


NIFTY LEVELS TODAY

Support 1:7278
Support 2:7194
Resistance 1:7407
Resistance 2:7452

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NIFTY CHART AND LEVELS TODAY

Nifty opened on a flat note and entire day it was trading in a narrow range of 7220 - 7260 and finally ended at 7229 with a loss of 0.08%.

Nifty has broken the immediate term support of 7300. Now it can test 7175, but it has strong support in the range of 7000 - 7100 and think this correction is a good buying opportunity with stop-loss below 7000. On the upside 7350 is a hurdle now if Nifty breaks 7350 then can again test its 16th May high of 7563.

Support 1:7141
Support 2:7052
Resistance 1:7295
Resistance 2:7361

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