Yesterday NIFTY tested and breached its recent high of 17792 and closed very strong above the 17800 mark. On the daily chart, NIFTY is still making higher tops and higher bottoms. Now since NIFTY has given a fresh breakout thus we revise our short term target to 18275. On the downside the range of 17650 - 17600 will play as an important support for immediate term and the range of 17200 - 17300 will be a strong support for short term.
|Buy above 17850||17749||18050|
|Sell below 17560||17631||17420|