Nifty opened on a flat note but buying led the index upwards to end in the green - Jainam
Nifty
Nifty opened on a flat note but buying led the index upwards to end in the green . Nifty closed at 25030 with a gain of 494 points . On the daily chart the index has formed a strong Bullish candle carrying long lower shadow indicating buying support at lower levels . The chart pattern suggests that if Nifty crosses and sustains above 25100 level it would witness buying which would lead the index towards 25200 - 25300 levels . Important Supports for the day is around 24700 However if index sustains below 24700 then it may witness profit booking which would take the index towards 24400 - 24300 levels .

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
