IGI Logo

Nifty

Nifty opened with downward gap and extended its down move in initial hours making day low a round 18203 however buying support at lower levels recovered most of the earlier losses to end on a flat note. Nifty closed at 18385 with a loss of 35 points. On the daily chart the index has formed a small Bullish candle carrying long lower shadow indicating buying support at lower levels. The cha rt pattern suggests that if Nifty crosses and sustains above 18200 level it would witness buying which would lead the index towards 18100-18000 levels. However if index breaks below 18400 level it would witness selling which would take the index towards 18500- 18600.

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