On the daily chart the index has formed a long Bullish candle forming higher High-Low formation indicating positive bias - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 17158 with a gain of 229 points. On the daily chart the index has formed a long Bullish candle forming higher High-Low formation indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 17175 level it would witness buying which would lead the index towards 17370-17500 levels. Important Supports for the day is around 17000 However if index sustains below 17000 then it may witness profit booking which would take the index towards 16950-16900 levels.
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Nifty opened with an upward gap and witnessed consolidation for most part of the session - J...
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Market commentary 9 March 2022 by Mr. Siddhartha Khemka, Motilal Oswal Financial Services Ltd.
