Nifty opened on a negative note and witnessed extreme volatility on either side for most part of the session - Jainam
Nifty
Nifty opened on a negative note and witnessed extreme volatility on either side for most part of the session . However later hour buying momentum pulled index higher to end near day's high . Nifty closed at 23914 with a loss of 141 points . On the daily chart the index has formed a Bearish candle with lower shadow indicating buying support at lower levels . The chart pattern suggests that if Nifty crosses and sustains above 23920 level it would witness buying which would lead the index towards 24000 - 24150 levels . Important Supports for the day is around 23780 However if index sustains below 23780 then it may witness profit booking which would take the index towards 23700 - 23600 levels .
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
