Stock Market Technical Analyst

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Daily Technical 23.04.14

 

Nifty opened on a positive note but entire day it was trading in a narrow range of 6830 to 6810 and finally ended at 6815 with a marginal loss of 0.03%. The Advance Decline ratio was almost flat.

Nifty was moving sideways yesterday but we feel that the market undertone is bullish and any correction is a good buying opportunity. We maintain bullish view on Nifty with  our short term target of 6950. On the downside, 6650 remains an important support for short term.

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