IGI Logo

Nifty

Nifty opened with an downward gap and selling pressure throughout the session drag ged it lower to end negative. Nifty closed at 17874 with a loss of 144 points. On the daily chart index has formed a small bearish candle forming lower Hi gh- Low compare to previous session and has closed below previous session's low indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 18000 level it would witness buying which would lead the index towards 18115-18200 levels. Important Supports for the day is around 17800 However if index sustains below 17800 then it may witness profit booking which would take the index towards 17750-17650 levels.

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