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Nifty

Nifty opened on a positive note and witnessed buying momentum in initial hours. However selling pressure at higher levels dragged it lower to close on flat note . Nifty closed at 15842 with a gain of 60 points. On the daily chart the index has formed a Doji candlestick formation indicating indec isi veness among st ma r ket participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 15980 level it would witness buying which would lead the index towards 16150-16200 levels. Important Supports for the day is around 15730 However if index sustains below 15730 then it may witness profit booking which would take the index towards 15670-15600 levels.

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

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