After Wednesday's correction NIFTY recovered from lower levels yesterday and closed very near the 15750 mark. NIFTY is still making higher tops and higher bottoms on the daily charts. We maintain a bullish view with the short term target of 16100 and the medium term target of 16700 on NIFTY. On the downside NIFTY has immediate term support in the range of 15600 - 15550 below that the range of 15400 - 15350 will be a strong support for short term.
|Buy above 15800||15724||15950|
|Sell below 15590||15651||15470|