Bulls dominated on Wednesday as Nifty ends shying of 14000. Healthy buying interest in the latter half of the session led the Nifty extend gains to the sixth day and end near the 14,000 level. Nifty settled 0.35% higher at 13981, while the Sensex rose 0.28% to 47746 tracking upbeat global sentiment and continued inflows into Indian markets. European shares were higher today as Britain approved a COVID-19 vaccine developed by AstraZeneca and Oxford University.
Market continues to trade with a positive
bias. We believe the short as well as medium term trend is positive. Range for
Nifty is seen at 13600-14300 with buying on dips advisable. Medium term target will
be near 14700-14800 levels.
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Resistance: 14000, 14100,
14200
Support: 13800,
13700, 13600
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