The NSE index has witnessed the short term downfall after making new highs around 6340 and a kissing distance away from its lifetime high of 6357 for the 8 consecutive red trading days and touching down 5970 levels, Nifty has witnessed the buying pressure from last 3 trading session and closed above 6200 on the third day. As we can see in the weekly 1 year chart of Nifty it has shown major support levels of 6100 and 6050 levels for the current market levels, one can BUY NIFTY at these levels and watchout for new highs in the coming months with a Support stop loss of 6100 levels.
RECOMMENDATION BY GURPREET SALUJA
Recommendation: BUY NIFTY at Current Levels (6200)
Target Price: 6350-6400 (Resistance level)
Stop Loss: 6100-6050 (Support Levels)
RESEARCH REPORT BY GURPREET SALUJA