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
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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