Nifty opened on a positive note but entire day it was trading in a narrow range of 7620 - 7650. Finally it ended at 7649 with a gain of 0.30%. The Advance Decline Ratio was almost flat.
Yesterday's Nifty was trading in a narrow range, 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.
TODAY'S NIFTY LEVELS
Support 1: 7609
Support 2 :7569
Resistance 1: 7674
Resistance 2: 7698
TODAY'S NIFTY LEVELS
Support 1: 7609
Support 2 :7569
Resistance 1: 7674
Resistance 2: 7698
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