Nifty opened on a flat note but buying led the index upwards to end near the high of the day - Jainam Share Consultants
NIFTY
Nifty opened on a flat note but buying led the index upwards to end near the high of the day. Nifty closed at 26052 with a gain of 142points. Onthe daily chart index has formed a bullish candle however it has continued to form lower Low & higher high compare to previoussessionindicating negative sign. The chart pattern suggests that if Nifty crosses and sustains above 26100 level it would witness buying whichwouldlead the index towards 26200-26300 levels. Important Supports for the day is around 25900 However if index sustains below25900thenitmaywitness profit booking which would take the index towards 25800-25700 levels.
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