Nifty opened on a flat note and remained in a small range throughout the day - Jainam Share Consultants

Nifty
Nifty opened on a flat note and remained in a small range throughout the day. Nifty closed at 24869 with a gain of 95 points. Onthedailychartthe index has formed a "Doji" candlestick formation indicating indecisiveness amongst market participants regarding the direction. Thechartpattern suggests that if Nifty breaks and sustains below 24750 level it would witness selling which would lead the index towards 24650-24550levels. However, if index crosses above 24900 level it would witness pullback rally which would take the index towards 24980-25050.
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