MARKET VIEW:
Value buying combined with short covering helped NIFTY to recover most of the early loses. Market Breadth though improved strongly post noon trades it remained in favor of BEARS. Volume improved in today''s session. Inflation announced too came lower at 11.44% as against 11.80% announced in a week earlier.
Reiterating our earlier view, NIFTY on intraday charts now has strong resistance around levels of 3400~3440 levels while support exists far lower around levels of 3130.
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