Nifty opened with an upward gap and witnessed selling for most part of the session - Jainam Share Consultants
Nifty
Nifty opened with an upward gap and witnessed selling for most part of the session. However last hour pullback action pulled index higher to close on positive note.. Nifty closed at 19833 with a gain of 84 points. On the daily chart the index has formed a small bullish candle forming higher High-Low formation compare to previous session indicating positive bias. The chart pattern suggests that if Nifty breaks and sustains below 19725 level it would witness selling which would lead the index towards 19650-19600 levels. However if index crosses above 19852 level it would witness pullback rally which would take the index towards 19945-20000.
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