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 19795 with a loss of 7 points. On the daily chart the index has formed a small Bearish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 19900 level it would witness buying which would lead the index towards 19950-20000 levels. Important Supports for the day is around 19800 However if index sustains below 19800 then it may witness profit booking which would take the index towards 19700-19650 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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