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
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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