Nifty opened on a positive note and continued its uptrend. In the afternoon session it made a high of 7424 and finally ended at 7415 with a gain of 0.72%. The Advance Decline Ratio was almost 2:1.
Nifty continued its north bound journey and crossed 7400 mark. Now it has trendline resistance at 7450, but looking at the pattern, I think soon it can break this trendline resistance also. We maintain bullish view on Nifty with our short term target of 7563. Thus any correction is a good buying opportunity. On the downside it has very strong support in the range of 7200 - 7100.
NIFTY LEVELS TODAY
Support 1:7363
Support 2;7311
Resistance 1:7446
Resistance 2:7477
Nifty continued its north bound journey and crossed 7400 mark. Now it has trendline resistance at 7450, but looking at the pattern, I think soon it can break this trendline resistance also. We maintain bullish view on Nifty with our short term target of 7563. Thus any correction is a good buying opportunity. On the downside it has very strong support in the range of 7200 - 7100.
NIFTY LEVELS TODAY
Support 1:7363
Support 2;7311
Resistance 1:7446
Resistance 2:7477
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