Nifty opened with an upward gap and remainedin positiveterra in throughout the day - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and remainedin positiveterra in throughout the day. Nifty closed at 17201 with a gain of 247 points. On the daily chart the index has formed a Bullish candle carrying eitherside shadows indicating extreme volatility. The chart pattern suggests that if Nifty crosses and sustains above 17225 level it would witness buying which would lead the index towards 17300-17350 levels. Important Supports for the day is around 17050 However if index sustains below 17050 then it may witness profit booking which would take the index towards 17000-16900 levels.
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