Nifty market opened on a negative note and made a low of 6708 and finally ended at 6715. Nifty fell below 61.80% retracement level of its recent rally from 6665 to 6869. But we have analyse that the nifty market undertone is bullish and this correction is a good buying opportunity. We suggest to maintain bullish view on Nifty with our short term target of 6950. On the downside nifty, 6650 remains an important support for short term.
Support 2; 6663
Resistance 1: 6760
Resistance 2: 6805
SUPPORT & RESISTANCE LEVEL FOR NIFTY
Support 1: 6689Support 2; 6663
Resistance 1: 6760
Resistance 2: 6805
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