Nifty opened gap up today at 7883 as expected but started falling after hitting 7800 and declined gradually till 7737. But again Nifty bounced sharply from lower levels to rise more than 110 points from low before closing 93 points up at 7844.
Yesterday I expected that Nifty can bounce minimum till 7803-7845 without breaking below 7733. Nifty achieved 7803-7845 without breaking below 7733 but with different pattern which I explained later in report. Let’s have a fresh look on charts now.