Nifty gaps up, stays positive; closes at 23764, +183 pts - Jainam Share Consultants
Nifty
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 23764 with a gain of 183 points. Onthedaily chart the index has formed a Bullish candle with a upper shadow indicating selling at higher levels. The chart pattern suggests that if Niftybreaks and sustains below 23600 level it would witness selling which would lead the index towards 23500-23400 levels. However, if indexcrosses above 23850 level it would witness pullback rally which would take the index towards 23950-24000

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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