After a good amount of volatility, Nifty has once again started the northward journey. In recent times, the support levels have been strongly tested. Nifty has been able to keep the support which is a healthy sign for the bulls and long term investors. The markets are riding the news waves which make them a bit volatile.
Besides, covering-up of pending short positions in derivates also supported the upside.
Nifty has extremely good supports at 8000 and then 7910. Upside move will be tested at 8150 - 8200 level. Markets should gain momentum above 8300.