Nifty opened with a downward gap however buying momentum at lower levels pulled index higher - Jainam Share Consultants
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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 17511 with a loss of 6 points. On the daily chart the index has formed a small Bullish candle carrying lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 17550 level it would witness buying which would lead the index towards 17600-17690 levels. Important Supports for the day is around 17380 However if index sustains below 17380 then it may witness profit booking which would take the index towards 17300-17150 levels
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