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

27-12-2024 09:56 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 23750 with a gain of 23 points. On the daily chart the index has formed a "Doji" candle stick formation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty breaks and sustains below 23640 level it would witness selling which would lead the index towards 23600-23500 levels. However, if index crosses above 23870 level it would witness pullback rally which would take the index towards 23950-24000.

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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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