Nifty closed at 22147 with a gain of 149 points - Jainam Share Consultants
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Nifty
Nifty opened on a flat note but buying led the index upwards to end in the green. Nifty closed at 22147 with a gain of 149 points. On the daily chart the index has formed a small bullish candle with shadows on either side representing extreme volatility as well as indec isi veness amongst participants regarding the direction. The chart pattern suggests that if Nifty breaks and sustains below 21900 level it would witness selling which would lead the index towards 21800-21700 levels. However if index crosses above 22200 level it would witness pullback rally which would take the index towards 22300-22350.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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Indian financial markets closed on May 20
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