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

2025-08-12 10:04:57 am | Source: Jainam Share Consultants

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

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NIFTY TECHNICAL VIEW

Nifty opened on a flat note but buying led the index upwards to end in the green. Nifty closed at 24601 with a gain of 238 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 24500 level it would witness selling which would lead the index towards24350-24300 levels. However, if index crosses above 24650 level it would witness pullback rally which would take the index towards 24750-24850.

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

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