Nifty opened on a flat note and witnessed consolidation for most part of the session- Jainam Share Consultants
Nifty
Nifty opened on a flat note and witnessed consolidation for most part of the session. However last hour pullback action pulled indexhighertoclose near the day's high.. Nifty closed at 23250 with a gain of 86 points. On the daily chart the index has formed a Bullish candlecarryingeitherside shadows indicating extreme volatility. The chart pattern suggests that if Nifty breaks and sustains below 23130 level it wouldwitnessselling which would lead the index towards 23000-22900 levels. However, if index crosses above 23350 level it would witness pullbackrallywhich would take the index towards 23400-23450.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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