Investors delight! Nifty at 14600 soon? See what Sharekhan has just highlighted
Sharekhan highlighted that the Nifty had a negative start with a gap-down opening on account of global cues on Tuesday. The bulls however, moved in swiftly and bought into the dip. As a result, Nifty witnessed a steady rise as the day progressed and closed near the high point of the day. On the way up, the Nifty has achieved an equality target of 14200. The overall structure shows that the positive momentum can continue going ahead and the Nifty looks set to head towards 14600 in the short term. On the other hand, 14000-13950 will act as a cushion on the downside.
The overall structure shows that the positive momentum can continue going ahead and the Nifty looks set to head towards 14600 in the short term: Reuters