Nifty opened on a flat note and remained in a small range throughout the day

2025-05-02 11:48:57 am | Source: Jainam Share Consultants

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

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Nifty

Nifty opened on a flat note and remained in a small range throughout the day. Nifty closed at 24334 with a loss of 2 points. Onthedailychartthe index has formed a Doji candlestick formation indicating indecisiveness amongst market participants regarding the direction. Thechartpattern suggests that if Nifty crosses and sustains above 24400 level it would witness buying which would lead the index towards 24500-24600levels. Important Supports for the day is around 24200 However if index sustains below 24200 then it may witness profit booking whichwouldtake the index towards 24130-24050 levels.

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

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