Nifty opened on a positive note but after making a high of 7700, it witnessed profit booking and started making lower tops and lower bottoms on the intraday chart. Finally after making a low of 7589 it ended at 7626 with a loss of 0.39%. The Advance Decline Ratio was almost 2:3.
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.
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 Recommended Levels for today
| Support 1: | 7577 |
| Support 2: | 7527 |
| Resistance 1: | 7688 |
| Resistance 2: | 7749 |
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