Nifty crosses and sustains above 21670 level it would witness buying which would lead the index towards 21850-21900 levels - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and r em a i n e d i n p o siti v e t e rr a i n throughout the day. Nifty closed at 21622 with a gain of 160 points. On the daily chart the index has formed a Doji candlestick formation indicating indec isi veness among st mar ket participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 21670 level it would witness buying which would lead the index towards 21850-21900 levels. Important Supports for the day is around 21570 However if index sustains below 21570 then it may witness profit booking which would take the index towards 21500-21450 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
