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
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.
Support 2: 7535
Resistance 1: 7699
Resistance 2: 7743
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