Market is showing all parameters of a fresh bull run. If one looks at the Nifty, it has stayed above its 50 day exponential moving average for two consecutive trading sessions and above the 50 day simple moving average for one trading session, he said. The moving average that has been holding the Nifty throughout this bull-run for the last four years.
Now that we above 14,850 odd for the Sensex and Nifty staying above 4,350 or rather 4,367, today that is a simple moving average level for 50 day. The next target would be 4,405 and the other two targets immediately would be 4,423 and about 4,450. Unless the market falls below the 4,270-4,235, support range, he would continue to remain bullish on this market.
Market in term of Figure : Nifty next aim to touch 4450 soon.Before touch this target nifty can again retest 4350 or 4367 .so it will give you better buying opportunity at lower level.
Market will be green at the end of day.Nifty will close near 4423+.
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