Nifty Ends 66 Points Higher After Rangebound Trade - Jainam
Nifty
Nifty opened with a flat note and witnessed buying momentum in initial hours. However, it has remained lackluster within narrow trading range throughout the session. Nifty closed at 24384 with a gain of 66 points. On the daily chart the index has formed a "Doji" candlestick formation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 24430 level it would witness buying which would lead the index towards 24500-24550 levels. Important Supports for the day is around 24300 However if index sustains below 24300 then it may witness profit booking which would take the index towards 24250- 24200 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
