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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.
Open | 14730 |
High | 14753 |
Low | 14517 |
Close | 14590 |
S 1 | 14487 |
S 2 | 14384 |
R 1 | 14723 |
R 2 | 14856 |
Action | SL | TGT |
---|---|---|
Buy above 14706 | 14344 | 14850 |
Sell below 14375 | 14436 | 14250 |