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

2024-06-10 09:57:01 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

Nifty opened on a flat note but buying led the index upwards to end in the green. Nifty closed at 23290 with a gain of 469 points. On the daily chart the index has formed a long Bullish candle forming higher High-Low formation indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 23300 level it would witness buying which would lead the index towards 23400-23500 levels. Important Supports for the day is around 23000 However if index sustains below 23000 then it may witness profit booking which would take the index towards 22900-22800 levels.

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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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