IGI Logo

Nifty

Nifty opened on a positive note and extended buying momentum in the first half however selling in the second half led the index lower to close near day's low. Nifty closed at 17076 with a loss of 56 points. On the daily chart index has formed a bearish candle however it manage to ma i nta i n h i g h e r Hi g h -l ow compa re to prev ious s e ssion indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 17226 level it would witness buying which would lead the index towards 17280- 17340 levels. Important Supports fo r t h e d ay is a ro u n d 1 7 0 5 0 However if index sustains below 17050 then it may witness profit booking which would take the index towards 16942-16830 levels.

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