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Nifty

Nifty opened with an upward gap and witnessed extreme volatility throughout the day. Nifty closed at 14919 with a gain of 158 points. On the daily chart the index has formed a small Bullish candle carrying long lower shadow indicating buying support at lower levels. After making Bullish Harami candlestick pattern, follow up buying was seen in the index. The chart pattern suggests that if Nifty crosses and sustains above 14960 level it would witness buying which would lead the index towards 15065-15175 levels. Important Supports for the day is around 14760 However if index sustains below 14760 then it may witness profit booking which would take the index towards 14638-14467 levels.

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785

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