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 25239 with a gain of 170 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 25240 level it would witness buying which would lead the index towards25300-25400 levels. Important Supports for the day is around 25160 However if index sustains below 25160 then it may witness profit bookingwhichwould take the index towards 25100-25000 levels.
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