Nifty opened gap up today at 7958 and traded in narrow range of 38 points for rest of the day with range bound volatility. Finally Nifty closed 19 points up at 7954 after registering day’s high of 7972 and low of 7934.
In my yesterday’s report, I suggested buying with stoploss 7905 expecting minimum targets 7980-8015 and change stoploss to 7934 once Nifty break above 7967. Nifty opened gap up followed by sharp rise as expected after Irregular Correction but traded range bound without achieving minimum target. Also Nifty bounced from 7934.15 where as our stoploss was 7934. Let’s analyze latest charts for further scenario.Read more at http://sweeglu.com/nifty-important-levels-and-targets-for-tomorrow-02-dec-2015/