Nifty crosses and sustains above 22420 level - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap but witnessed selling from the opening tick to end near the day's low. Nifty closed at 22378 with a gain of 40 points. On the daily chart index has formed a sma l l b e a ris h c a n d l e representing resistance at higher levels. The chart pattern suggests that if Nifty crosses and sustains above 22420 level it would witness buying which would lead the index towards 22480-22520 levels. Important Supports for the day is around 22350 However if index sustains below 22350 then it may witness profit booking which would take the index towards 22300-22200 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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