The chart pattern suggests that if Nifty crosses and sustains above 15280 level - Jainam Share Consultant
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Nifty
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 15246 with a gain of 327 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 15280 level it would witness buying which would lead the index towards 15350-15420 levels. Important Supports for the day is around 15000 However if index sustains below 15000 then it may witness profit booking which would take the index towards 14760-14368 levels.
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