We wrote yesterday nifty will touch 2760-2765 the same has happened,it touched 2757 and closed at 2770.Now for today nifty has support at 2750-2760 if trades below 2750 will take it to 2675-2685.Nifty has broken the upward parallel channel projecting the target of 2684 in coming trading session.The nifty was traveling in a parallel about 162 points for two weeks but it was violated yesterday bring an end to upward movement.Nifty should move above 2810-2830 for showing some strength.We may also see a little pull back since the hourly indicators are in oversold zone.
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