If Nifty crosses and sustains above 15900 level it would witness buying which would lead the index towards 15950- 16000 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 15790 with a gain of 104 points. On the daily chart index has formed a bullish candle however it remained restricted within previous session's High-Low range indicating absence of strength on eitherside. The chart pattern suggests that if Nifty crosses and sustains above 15900 level it would witness buying which would lead the index towards 15950- 16000 levels. Important Supports forthe day is around 15670 However if index sustains below 15670 then it may witness profit booking which would take the index towards 15600-15500 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
