While analyzing the Daily charts of “NIFTY”, we
found that the Nifty is in “Bullish trend”
Sensex falls over 300 pts, Nifty close below 8300. The market has slipped further after Infosys announced lower-than-expected March quarter results. The Sensex is down 310.70 points or 1 percent at 27424 and the Nifty is down 102 points or 1 percent at 8295. About 657 shares have advanced, 2014 shares declined, and 146 shares are unchanged. Nifty rallies beyond 8500, and in doing so, breaks above the trend line from the top of 8536 level then, and only then we could rule out this extreme view and start considering a very aggressively bullish stance on Nifty and that would have its targets at 8800 on Nifty.