Nifty opened on a flat note and witnessed extreme volatality on eitherside for most part of the session - Jainam Share Consultants
Nifty
Nifty opened on a flat note and witnessed extreme volatality on eitherside for most part of the session. Nifty closed at 25885 withagainof9points. On the daily chart the index has formed a bearish candle with shadows on either side representing extreme volatilityaswell asindecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 25950level itwould witness buying which would lead the index towards 26000-26100 levels. Important Supports for the day is around 25780Howeverifindex sustains below 25780 then it may witness profit booking which would take the index towards 25700-25600 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
