Nifty opened on a flat note but buying led the index upwards to end in the green - Jainam Share Consultants
Nifty
Nifty opened on a flat note but buying led the index upwards to end in the green. Nifty closed at 19979 with a gain of 146 points. On the daily chart the index has formed a long Bullish candle forming higher High-Low formation indicating positive bias. The chart pattern suggests that if Nifty breaks and sustains below 19900 level it would witness selling which would lead the index towards 19850-19800 levels. However if index crosses above 20000 level it would witness pullback rally which would take the index towards 20050-20100.
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