However it has remained lackluster with in 19600 - 19650 throughout the session - Jainam Share Consultants
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Nifty
Nifty opened with a downward gap and witnessed buying momentum in initial hours. However it has remained l a c k luste r withi n 1 9 6 0 0 - 1 9 6 5 0 throughout the session. Nifty closed at 19625 with a loss of 46 points. On the daily chart the index has formed a Bullish candle carrying either side shadows indicating extreme volatility. The chart pattern suggests that if Nifty breaks and sustains below 19500 level it would witness selling which would lead the index towards 19400-19300 levels. However if index crosses above 19700 level it would witness pullback rally which would take the index towards 19800-19900.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
