Yesterday, NIFTY opened with a downside gap but found support near the 25,100 mark and started forming higher tops and higher bottoms on the intraday chart. It ultimately ended just below the 25,200 level.
NIFTY has key support in the range of 25,100 - 25,000, and the trend is expected to remain bullish as long as it trades above the 25,000 mark. We continue to maintain our target of 25,650.
Open | 25089 |
High | 25216 |
Low | 25083 |
Close | 25198 |
S 1 | 25116 |
S 2 | 25033 |
R 1 | 25248 |
R 2 | 25298 |
Action | SL | TGT |
---|---|---|
Buy above 25250 | 25190 | 25375 |
Sell below 25080 | 25151 | 24950 |