Nifty opened with an upward gap and remained in positive terrain throughout the day -Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 18264 with a gain of 195 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 18287 level it would witness buying which would lead the index towards 18350- 18500 levels. Important Supports for the day is around 18150 However if index sustains below 18150 then it may witness profit booking which would take the index towards 18100- 18000 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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