Nifty opened on a flat note and witnessed profit booking in initial half however buying momentum at lower levels pulled index higher tocloseinpositive territory - Jainam Share Consultants
Nifty
Nifty opened on a flat note and witnessed profit booking in initial half however buying momentum at lower levels pulled index higher tocloseinpositive territory . Nifty closed at 25003 with a gain of 461 points. On the daily chart the index has formed a long Bullish candle forminghigherHigh-Low formation compared to previous session indicates positive bias. The chart pattern suggests that if Nifty crosses and sustainsabove25003.05 level it would witness buying which would lead the index towards 25150-25200 levels. Important Supports for the dayisaround24850 However if index sustains below 24850 then it may witness profit booking which would take the index towards 24800-24650levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
