Nifty opened on a flat note but buying led the index upwards to end in the green - Jainam Share Consultants

Nifty
Nifty opened on a flat note but buying led the index upwards to end in the green. Nifty closed at 24625 with a gain of 198 points. Onthedailychart the index has formed a long Bullish candle forming higher High-Low formation compared to previous session indicates positivebias. Thechart pattern suggests that if Nifty crosses and sustains above 24635 level it would witness buying which would lead the index towards24700-24750 levels. Important Supports for the day is around 24500 However if index sustains below 24500 then it may witness profit bookingwhichwould take the index towards 24430-24350 levels.
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