Nifty Jumps 391 Points on Strong Rally - Jainam
Nifty
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 24774 with a gain of 391 points. On the daily chart the index has formed a long Bullish candle forming higher High-Low formation compared to previous session indicates positive bias. The chart pattern suggests that if Nifty crosses and sustains above 24780 level it would witness buying which would lead the index towards 24850-25000 levels. Important Supports for the day is around 24680 However if index sustains below 24680 then it may witness profit booking which would take the index towards 24600-24500 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
