index sustains below 20200 then it may witness profit booking which would take the index towards 20100- 20000 levels - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 20268 with a gain of 135 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 20291 level it would witness buying which would lead the index towards 20340- 20390 levels. Important Supports for the day is around 20200 However if index sustains below 20200 then it may witness profit booking which would take the index towards 20100- 20000 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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Indian shares set to open higher
