The Nifty continued to rule high with one minor correction. However, it has not managed to beat the record high of 9,218, established on March 17, in the past few sessions. The correction found support at the zone of 9,000-9,050. This is the upper end of the 8,970-9,025 gap established on March 13. Primary resistance would now be at 9,200-9,250 zone. In terms of closing values, the Nfty has been unable to move beyond 9,160.
The short-term targets would be in the 9,300 zone assuming the trend doesn't breakdown but obviously the 9,218 mark must be beaten first. Every trend-following

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