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 25797 with a loss of 14 points. On thedailychartthe index has formed a small Bearish candle with shadows on either side indicating indecisiveness amongst participants regarding thedirection.The chart pattern suggests that if Nifty breaks and sustains below 24900 level it would witness selling which would lead the indextowards24800-24700 levels. However if index crosses above 25050 level it would witness pullback rally which would take the index towards 25100-25200.
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Quote on FPI from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
