Nifty opened on a flat note and traded with extreme volatility on either side to end on a negative note -Jainam Share Consultants
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Nifty
Nifty opened on a flat note and traded with extreme volatility on either side to end on a negative note. Nifty closed at 25986 withalossof46points. On the daily chart the index has formed a small Bearish candle with shadows on either side indicating indecisiveness amongstparticipants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 26070 level it would witnessbuyingwhich would lead the index towards 26200-26300 levels. Important Supports for the day is around 25900 However if index sustainsbelow25900 then it may witness profit booking which would take the index towards 25800-25740 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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