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 20901 with a loss of 37 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 20962 level it would witness buying which would lead the index towards 21000-21060 levels. Important Supports for the day is around 20850 However if index sustains below 20850 then it may witness profit booking which would take the index towards 20800-20700 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
