Nifty opened on a flat note but buying led the index upwards to end near the high of the day - Jainam Share Consultants
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Nifty
Nifty opened on a flat note but buying led the index upwards to end near the high of the day. Nifty closed at 17124 with a gain of 140 points. On the daily chart Nifty has formed a bullish candle and remained restri c ted within previous session's High-Low range indicating absence of direction on either side. The chart pattern suggests that if Nifty crosses and sustains above 17150 level it would witness buying which would lead the index towards 17275-17400 levels. However if index breaks below 16950 level it would witness selling which would take the index towards 16850-16770.
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