Nifty reclaims 15300 ahead of the expiry day : Angel Broking

Market Wrap-up by Mr. Ruchit Jain (Senior Analyst - Technical and Derivatives, Angel Broking):

"Nifty started the day on a positive note and maintained a bullish bias throughout the day. Although it did not post any huge gains, the broader market was buzzing amidst which Nifty managed to end tad above 15300 with gains of six-tenths of a percent.

The slow and steady advance for our market continues and the trend for our market still remains up. Although there is not much movement in the index heavyweights, a lot of activity can be seen in the midcap and the small cap space and hence, the cash market stocks are more buzzing. As far as index move is concerned, we expect the Nifty to continue its march higher towards our 14335 (which is almost there), followed by new highs very soon. With this gradual advance, the supports are shifting higher and now the immediate supports are placed around 15235 and 15163. Hence, we continue with our advice for traders to continue with a positive bias and look for buying opportunities on intraday declines."

Source : Equity Bulls

Keywords