Nifty opened on a flat note and witnessed sideways movement in for most part of the day - Jainam Share Consultants
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Nifty
Nifty opened on a flat note and witnessed sideways movement in for most part of the day. However, buying momentumin the last hourpulledindex higher to end on a positive note.. Nifty closed at 26017 with a gain of 31 points. On the daily chart the index has formed a Bullishcandlecarrying eitherside shadows indicating extreme volatility. The chart pattern suggests that if Nifty crosses and sustains above 26100level itwould witness buying which would lead the index towards 26200-26300 levels. Important Supports for the day is around 25900Howeverifindex sustains below 25900 then it may witness profit booking which would take the index towards 25800-25740 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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