Nifty opened with an upward gap and witnessed extreme volatility throughout the day - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and witnessed extreme volatility throughout the day. Nifty closed at 16167 with a loss of 73 points. On the daily chart the index has formed a Bearish candle with long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 16300 level it would witness buying which would lead the index towards 16 4 0 0 -1 6 5 0 0 l evels. Important Supports for the day is around 15990 However if index sustains below 15990 then it may witness profit booking which would take the index towards 15900-15800 levels.
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
