On the daily chart the index has formed a Bullish candle carrying eitherside shadows indicating extreme volatility - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and r em a i n e d i n p o siti v e t e rr a i n throughout the day. Nifty closed at 18399 with a gain of 84 points. On the daily chart the index has formed a Bullish candle carrying eitherside shadows indicating extreme volatility. The chart pattern suggests that if Nifty crosses and sustains above 18460 level it would witness buying which would lead the index towards 18500-18550 levels. Important Supports for the day is around 18280 However if index sustains below 18280 then it may witness profit booking which would take the index towards 18200-18150 levels.
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