Nifty opened on a flat note and witnessed sideways movement in for most part of the day - Jainam Share Consultants
Nifty
Nifty opened on a flat note and witnessed sideways movement in for most part of the day. However, buying momentum in the last hour pulled
index higher to end on a positive note.. Nifty closed at 25819 with a gain of 94 points. On the daily chart index has formed a small bullish candle
carrying lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 25830 level
it would witness buying which would lead the index towards 25900-26000 levels. Important Supports for the day is around 25645 However if
index sustains below 25645 then it may witness profit booking which would take the index towards 25600-25500 levels.
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