*INDEX Update *
*Nifty 50*
In last trading session Nifty made high 12769,low 12571 and closed at 12749.After Flag pattern breakout we witnessed continued buying in the market and Nifty reached near our target of 12770 and we saw some profit booking in the afternoon session, but it recovered smartly in the last hour of trade.
We maintain bullish view in the market , thus any correction would be a good buying opportunity, on the downside the range of 12500-12450 will play as an important support for the immediate term.
*Banknifty*
In last trading session Banknifty made high 29030 , low 28211 and closed at 28845. We saw some profit booking from the higher levels, but in the end it recovered smartly.
We maintain bullish on Banknifty with the target of 29600, thus any correction would be a good buying opportunity, on the downside the range of 26000-25800 will play as an important support for the immediate term.
Disclaimer-Educational purpose only.