Nifty opened with an upward gap and remained in positive - Jainam Share Consultant
Nifty
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 15315 with a gain of 151 points. On the daily chart the index has formed a long Bullish candle forming higher High-Low formation indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 15340 level it would witness buying which would lead the index towards 15388-15420 levels. However if index breaks below 15240 level it would witness selling which would take the index towards 15081-14970.
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