Nifty opened on a flat note and remained in a small range throughout the day - Jainam Share Consultants
Nifty
Nifty opened on a flat note and remained in a small range throughout the day. Nifty closed at 18602 with a gain of 38 points. On the daily chart the index has formed a Doji candlestick formation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty breaks and sustains below 18550 level it would witness selling which would lead the index towards 18500-18400 levels. However if index crosses above 18640 level it would witness pullback rally which would take the index towards 18750-18800.
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