IGI Logo

Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 17398 with a gain of 16 points. On the daily chart index has formed a bearish candle however it remained restricted within previous session's High-Low range indicating absence of strength on either side. The chart pattern suggests that if Nifty crosses and sustains above 17500 level it would witness buying which would lead the index towards 17550-17600 levels. Important Supports for the day is around 17265 However if index sustains below 17265 then it may witness profit booking which would take the index towards 17200-17150 levels.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://jainam.in/

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

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer