Nifty Ends Near Day`s High, Down 95 Points - Jainam
Nifty
Nifty opened on flat note and witnessed profit booking in initial hour however buy ing momentum throughout the session led it to close near day's high. Nifty closed at 24080 with a loss of 95 points. On the daily chart the index has formed a Bearish candle with long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 24130 level it would witness buying which would lead the index towards 24200-24300 levels. Important Supports for the day is around 23990 However if index sustains below 23990 then it may witness profit booking which would take the index towards 23900-23800 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
