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Nifty opened on a flat note and witnessed extreme volatility on either side for most part of the session. However later hour buying momentum pulled index higher to end in green. Nifty closed at 21619 with a gain of 74 points. On the daily chart index has formed a small bullish candle carrying lower shadow indi cating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 21642 level it would witness buying which would lead the index towards 21700-21800 levels. Important Supports for the day is around 21440 However if index sustains below 21440 then it may witness profit booking which would take the index towards 21400-21350 levels.

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