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

2024-03-05 10:03:10 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 22406 with a gain of 27 points. On the daily chart t h e i n d ex h a s fo rme d a "Do j i " candlestick formation indicating indec isiveness among st mar ket participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 22440 level it would witness buying which would lead the index towards 22480-22520 levels. Important Supports for the day is around 22350 However if index sustains below 22350 then it may witness profit booking which would take the index towards 22300-22200 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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