If Nifty crosses and sustains above 15750 level it would witness buying which would lead the index towards 15840- 15900 levels - Jainam Share Consultant
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Nifty
Nifty opened with an upward gap and witnessed selling for most part of the session. However last hour pullback action pulled index higher to close on a positive note. Nifty closed at 15722 with a gain of 42 points. On the daily chart the index has formed a Bullish candle with a long lower shadow indi cating buying at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 15750 level it would witness buying which would lead the index towards 15840- 15900 levels. Important Supports fo r the day is around 15635 However if index sustains below 15635 then it may witness profit booking which would take the index towards 15580-15500 levels.
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