IGI Logo

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 17487 with a gain of 175 points. On the daily chart index has formed a sizable bullish candle forming higher High-Low compare to previous session and ha s c los ed above prev ious session's high indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 17530 level it would witness buying which would lead the index towards 17650-17720 levels. However if index breaks below 17400 level it would witness selling which would take the index towards 17300-17100.

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