After testing the 14750 mark, yesterday NIFTY witnessed some profit in the afternoon session but it recovered smartly from lower levels in the last hour of trade. We maintain a bullish view with the immediate term target of 15100 and the short term target of 15700. On the downside, the range of 14500 - 14400 will play as an important support for immediate term, However the 20DEMA remains a strong support for short term, which is placed near 14250.
|Buy above 14706||14344||14850|
|Sell below 14375||14436||14250|