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Nifty

Nifty opened with upward gap and witnessed ex treme volatility on account of Union Budget however strong buying momentum at lower levels pulled index higher to close on strong note . Nifty closed at 17577 with a gain of 237 points. On the daily chart the index has formed a small Bullish candle carrying long lower shadow indicating buying support at lower levels. The cha rt pattern suggests that if Nifty crosses and sustains above 17630 level it would witness buying which would lead the index towards 17700-17750 levels. Important Supports for the day is around 17250 However if index sustains below 17250 then it may witness profit booking which would take the index towards 17070-17680 levels.

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

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