IGI Logo

Nifty

Nifty opened with an upward gap but witnessed selling from the opening tick to end negative. Nifty closed at 19448 with a gain of 92 points. On the daily chart index has formed a small bullish candle representing resistance at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 19400 level it would witness selling which would lead the index towards 19300-19200 levels. However if index crosses above 19500 level it would witness pullback rally which would take the index towards 19550-19600

To Read Complete Report & Disclaimer Click Here
 

PleasTe refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer