Nifty opened on a flat note and witnessed selling pressure in the initial half of the day - Jainam Share Consultants
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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 25790 with a gain of 107 points. On the daily chart the index has formed a strong Bullish candle carryinglonglowershadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 25800 level it wouldwitness buying which would lead the index towards 25900-26000 levels. Important Supports for the day is around 25650 However if indexsustains below 25650 then it may witness profit booking which would take the index towards 25600-25470 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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