Nifty market opened on a positive note but after making a high of 7290, it witnessed profit booking. It made a low of 7193 in the afternoon and thereafter it witnessed recovery it made a high of 7291 and ended at 7263 with a gain of 0.84%. The Advance Decline ratio was almost 5:1.

Nifty witnessed buying interest at lower levels, we may witness further upmove in the days to come. We maintain bullish view with our short term target of 7563. On the downside 7000 - 7100 will play as a strong support for short term.
Nifty witnessed buying interest at lower levels, we may witness further upmove in the days to come. We maintain bullish view with our short term target of 7563. On the downside 7000 - 7100 will play as a strong support for short term.