Nifty closed at 25062 with a gain of 484 points

2025-05-16 10:21:14 am | Source: Jainam Share Consultants

Nifty closed at 25062 with a gain of 484 points - Jainam Share Consultants

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Nifty

Nifty opened on a flat note and witnessed selling pressure in the initial half of the day. However later hour buying led index toendnearday'shigh. Nifty closed at 25062 with a gain of 484 points. On the daily chart the index has formed a strong Bullish candle carrying long lower shadowindicating buying support at lower levels. The chart pattern suggests that if Nifty breaks and sustains below 25000 level it wouldwitnesssellingwhich would lead the index towards 24850-24750 levels. However, if index crosses above 25120 level it would witness pullbackrallywhichwould take the index towards 25200-25300

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Nifty closed at 25062 with a gain of 484 points - Jainam Share Consultants

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