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Nifty

Nifty opened on a flat note and witnessed selling pressure in the initial hour. However, buying from low level recovered earlier losses ledindexto end near day's high.. Nifty closed at 25725 with a gain of 43 points. On the daily chart the index has formed a small bullish candleforminghigher High-Low formation compare to previous session indicating positive bias. The chart pattern suggests that if Nifty crosses andsustainsabove 25770 level it would witness buying which would lead the index towards 25850-25900 levels. Important Supports for the dayisaround25570 However if index sustains below 25570 then it may witness profit booking which would take the index towards 25500-25400levels.

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