IGI Logo

Nifty

Nifty opened with downward gap and extended its down move in initial hours making day low around 15511 however buying support at lower levels recovered most of the earlier losses to end on a flat note. Nifty closed at 15752 with a loss of 28 points. On the daily chart the index has formed a Bullish candle with a long lower shadow indicating buying at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 15800 level it would witness buying which would lead the index towards 15 8 9 0 -1 5 9 5 0 l evels. Important Supports for the day is around 15680 However if index sustains below 15680 then it may witness profit booking which would take the index towards 15600-15500 levels.

To Read Complete Report & Disclaimer Click Here

Please 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