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Nifty

Nifty opened on a flat note and witnessed buying momentum in initial hours. However selling pressure at higher levels dragged it lower to close on flat to positive note. Nifty closed at 25052 with a gain of 35 points. On the daily chart the index has formed a Doji candlestick formation indicating indec isiveness among st mar ket participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 25130 level it would witness buying which would lead the index towards 25200-25300 levels. Important Supports for the day is around 24950 However if index sustains below 24950 then it may witness profit booking which would take the index towards 24900-24850 levels.

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785