HDFC Securities expects more upside towards 14655 on Nifty
Nifty has bounced back smartly on Jan 19, however with lower volumes. This has raised hopes of continuation in the upmove. Sharply positive advance decline ratio also reinforces this feeling. However it would be interesting to watch as to whether Nifty will cross 14653 and make a new high.
Nifty witnessed an excellent upside bounce on Tuesday and closed the day higher by 239 points. Nifty opened on an upside gap of 90 points, slipped into a minor intraday weakness in the early part of the session: Reuters