IGI Logo

Nifty

Nifty opened with an downward gap and selling pressure throughout the session dragged it lower to end near lowest point of the day . Nifty closed at 17808 with a loss of 150 points. On the daily chart the index has formed a Bearish candle with a long upper shadow indicating selling at higher levels. The chart pattern suggests that if Nifty crosses and sustains above 17900 level it would witness buying which would lead the index towards 18 1 0 0 -1 8 2 0 0 l evels. Important Supports for the day is around 17780 However if index sustains below 17780 then it may witness profit booking which would take the index towards 17700-17650 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