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
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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 24045 with a gain of 176 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 24100 level it would witness buying which would lead the index towards
24200-24300 levels. Important Supports for the day is around 24000 However if index sustains below 24000 then it may witness profit booking which would take the index towards 23900-23800 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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