If Nifty crosses and sustains above 15840 level it would witness buying which would lead the index towards 15875-15915 levels - Jainam Share Consultant
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Nifty
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 15834 with a gain of 112 points. On the daily chart the index has formed a small bullish candle forming higher High-Low formation compare to previous session indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 15840 level it would witness buying which would lead the index towards 15875-15915 levels. Important Supports for the day is around 15750 However if index sustains below 15750 then it may witness profit booking which would take the index towards 15635-15500 levels.
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