Nifty opened on a flat note however strong buying momentum from the opening tick led it to end near the day`s high - Jainam Share Consultants
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Nifty
Nifty opened on a flat note however strong buying momentum from the opening tick led it to end near the day's high. Nifty closed at 23842 with a gain of 121 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 23900 level it would witness buying which would lead the index towards 24000-24100 levels. Important Supports for the day is around 23700 However if index sustains below 23700 then it may witness profit booking which would take the index towards 23650-23600 levels
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
Tag News
Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities
