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Nifty

Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 15198 with a gain of 22 points. On the daily chart the index has formed a Doji candlestick formation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty breaks and sustains below 15000 level it would witness selling which would lead the index towards 15140-15000 levels. However if index crosses above 15260 level it would witness pullback rally which would take the index towards 15300-15380

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
 

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