Nifty opened on a flat note and witnessed buying momentum in initial hours - Jainam Share Consultants
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Nifty
Nifty opened on a flat note and witnessed buying momentum in initial hours. However selling preesure at higher levels draggedit lowertoclose near day's low. Nifty closed at 24141 with a loss of 7 points. On the daily chart the index has formed a Bullish candle with a upper shadowindicating selling at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 24000 level it would witness sellingwhichwould lead the index towards 23900-23800 levels. However if index crosses above 24350 level it would witness pullback rally whichwouldtakethe index towards 24430-24550.
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