RK Global's Technical Report:
Nifty closed in green with a 31 points gain just above crucial support level of 6180. It made a small white body candle with a consecutive high and low of 6269 and 6222. Intraday choppy movements suggest indecision among traders, though script specific movements still continuing. We prefer to remain bullish in such market condition so, recommend buying on dips. Ahead of upcoming global event and Oct F&O expiries broader Index looks a bit nervous, but we see 6180-6220 as the down side massive support area which is quite able to attract lot of bulls. Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
