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

2024-12-12 09:56:17 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 24642 with a gain of 32 points. Onthedailychartthe index has formed a small Bullish candle with shadows on either side indicating indecisiveness amongst participants regarding thedirection.The chart pattern suggests that if Nifty crosses and sustains above 24700 level it would witness buying which would lead the indextowards24800-24850 levels. Important Supports for the day is around 24500 However if index sustains below 24500 then it may witness profit bookingwhich would take the index towards 24400-24290 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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