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 24990 with a gain of 113 points. Onthedailychart the index has formed a small bullish candle forming higher High-Low formation compare to previous session indicating positivebias. Thechart pattern suggests that if Nifty breaks and sustains below 24850 level it would witness selling which would lead the index towards24760-24700 levels. However, if index crosses above 25000 level it would witness pullback rally which would take the index towards 25100-25200
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785









