Nifty market opened on a negative note and entire day it was trading in a narrow range of 7290 to 7325 and finally ended at 7318 with a loss of 0.56%. The Advance Decline ratio was almost 2:3.
The overall trend of nifty is bullish and we maintain bullish view with our target of 7563, which is 16th May high. On the downside, any correction is a good buying opportunity, Nifty has strong support at 7300 for immediate term. However, the range of 7000 - 7100 remains a strong support range for short term.
The overall trend of nifty is bullish and we maintain bullish view with our target of 7563, which is 16th May high. On the downside, any correction is a good buying opportunity, Nifty has strong support at 7300 for immediate term. However, the range of 7000 - 7100 remains a strong support range for short term.
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