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 24793 with a loss of 19 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 24870 level it would witness buying which would lead the index towards 25000-25080levels. Important Supports for the day is around 24730 However if index sustains below 24730 then it may witness profit booking whichwouldtake the index towards 24620-24500 levels.
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