Nifty opened gap-down but buying lifted it to close near high - Jainam Share Consultants
Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high. Nifty closedat 24414with a gain of 35 points. On the daily chart index has formed a bullish candle however it has continue to form lower High-Lowcomparetoprevious session indicating negative sign. The chart pattern suggests that if Nifty crosses and sustains above 24500 level it would witnessbuyingwhich would lead the index towards 24600-24750 levels. Important Supports for the day is around 24300 However if index sustainsbelow24300 then it may witness profit booking which would take the index towards 24200-24100 levels.
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