Nifty opened above its resistance zone of 2755-2760 and continued to trade above this level with intraday volatility, which is expected near F&O expiry.
For Thursday, Nifty is expected to open flat and trade rangebound with intraday volatility. Intraday traders may sell at higher levels near 2795-2805 with range if they get an opportunity. On the downside, one may buy in 2750-2745 range with stop loss below 2725 spot. A close above 2807 will open bullish targets of 2850-2920 on the Nifty. A close below 2730 will open be bearish.
Nifty resistance at 2785-2805-2820-2860. Support at 2760-2730-2705-2680
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