Nifty started the day on a flat note and in the afternoon session it witnessed some profit booking but it took support at 7661 and recovered smartly. In the last half an hour of trade it broke its intraday high of 7733 and made a high of 7758, finally it ended at 7751 with a gain of 0.48%. The Advance Decline ratio was almost 4:3.
Nifty witnessed good buying interest in the last two hours on Friday. Thus we maintain bullish view with our short term target of 8000 and we feel any correction in the markets will be a good buying opportunity. On the downside 7440 will play as an important support for short term.
NIFTY IMP. LEVELS FOR 07 JUL
Open : 7718
High : 7758
Low : 7661
Close : 7751
S 1 : 7689
S 2 : 7626
R 1 : 7785
R 2 : 7820
Nifty witnessed good buying interest in the last two hours on Friday. Thus we maintain bullish view with our short term target of 8000 and we feel any correction in the markets will be a good buying opportunity. On the downside 7440 will play as an important support for short term.
NIFTY IMP. LEVELS FOR 07 JUL
Open : 7718
High : 7758
Low : 7661
Close : 7751
S 1 : 7689
S 2 : 7626
R 1 : 7785
R 2 : 7820
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