Nifty opened with an upward gap and remained in positiveĀ terrain throughout the day - Jainam Share Consultant
Nifty
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 16259 with a gain of 417 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 16300 level it would witness buying which would lead the index towards 16400- 16500 levels. Important Supports for the day is around 16200 However if index sustains below 16200 then it may witness profit booking which would take the index towards 16100- 16000 levels.
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
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