Nifty opened with a downward gap however buying momentum at lower levels pulled index higher - Jainam Share Consultant
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Nifty
Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high. Nifty closed at 15799 with a loss of 51 points. On the daily chart index has formed a bullish candle however it has continue to form lower High-Low compare to previous session indicating negative sign. The chart pattern suggests that if Nifty crosses and sustains above 15862 level it would witness buying which would lead the index towards 15920-16000 levels. Important Supports for the day is around 15680 However if index sustains below 15680 then it may witness profit booking which would take the index towards 15600-15500 levels.
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