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Nifty

Nifty opened on a flat note and witnessed profit booking in initial half however buying momentum at lower levels pulled index higher to close in positive territory. Nifty closed at 17388 with a gain of 43 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 17410 level it would witness buying which would lead the index towards 17457-17500 levels. Important Supports for the day is around 17225 However if index sustains below 17225 then it may witness profit booking which would take the index towards 17150-17000 levels.

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

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