Nifty opened on a positive note and jumped above 9150 mark in early trade. Thereafter it started making higher tops and higher bottoms on the intraday charts. It broke 9200 mark in the afternoon session and made a high of 9225 and finally ended at 9217 with a gain of 1.08%. The Advance Decline ratio was almost 3:2.
After three days correction, yesterday Nifty bounced back sharply from lower levels. It broke the resistance of 9200 mark on the intraday chart. Now it can test its previous high of 9273. On the downside the range of 9100 to 9075 will play as an important support.