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
Get more nifty market updates
Intraday Nifty Levels
Support 1: 7394
Support 2: 7315
Resistance 1: 7519
Resistance 2 7563
Get more nifty market updates
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