Nifty opened with a downward gap and traded with extreme volatility on either side to end on a flat note - Jainam Share Consultants
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Nifty
Nifty opened with a downward gap and traded with extreme volatility on either side to end on a flat note. Nifty closed at 18125 with a gain of 11 points. On the daily chart the index has formed a Bearish candle with long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 18241 level it would witness buying which would lead the index towards 18350-18400 levels. Important Supports for the day is around 17960 However if index sustains below 17960 then it may witness profit booking which would take the index towards 17864-17840 levels.
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