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.
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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