NIFTY bounced back sharply yesterday and closed above the 10800 mark. Now it has some resistance 10850, if it breaks that then it can test our short term target of 11000 and 11200 soon. On the downside, it has support at 10675 for immediate term. If it breaks 10675 then we may see some more correction, but we feel any correction would be a good buying opportunity and the market undertone is bullish.
|Buy above 10860||10799||10975|
|Sell below 10690||10751||10575|