Since our last post, Nifty has stayed on an expected uptrend. Chart Below:
From a long term perspective, there is nothing new to add and we expect this trend to continue. The measured target for Nifty are at 10831/11233/11328. Important swing point is at 10404.
From a short term perspective 10690 is a good downside support followed by 10590. We will be surprised to see Nifty trade much lower.
