Nifty opened on a flat note and witnessed selling pressure in the initial half of the day - Jainam Share Consultants
Nifty
Nifty opened on a flat note and witnessed selling pressure in the initial half of the day. However later hour buying led index toendnearday'shigh.. Nifty closed at 24610 with a loss of 9 points. On the daily chart the index has formed a small Bearish candle with lower shadowindicatingbuying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 24680 level it would witness buyingwhichwould lead the index towards 24800-24850 levels. Important Supports for the day is around 24500 However if index sustains below24500thenit may witness profit booking which would take the index towards 24400-24290 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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