IGI Logo

Nifty

Nifty opened with an downward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 17857 with a loss of 37 points. On the daily chart index has formed a bearish c a n d l e h owe v e r it r ema i n e d restricted within previous session's High-Low range indicating absence of strength on either side. The chart pattern suggests that if Nifty breaks and sustains below 17800 level it would witness selling which would lead the index towards 17700- 17600 levels. However if index crosses above 17920 level it would witness pullback rally which would take the index towards 18000- 18200.

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