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Nifty closed at 21839 with a gain of 22 points - Jainam Share Consultants
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Nifty
Nifty opened with a positive note and traded with extreme volatility on either side to end on a flat note. Nifty closed at 21839 with a gain of 22 points. On the daily chart the index has formed a "Doji " candlesti ck formation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty breaks and sustains below 21700 level it would witness selling which would lead the index towards 21600-21500 levels. However if index crosses above 21950 level it would witness pullback rally which would take the index towards 22000-22100.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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Quote on?Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities
