Nifty opened on a positive note and buying momentum throughout the session led it to close near day's high - Jainam
Nifty
Nifty opened on a positive note and buying momentum throughout the session led it to close near day's high . Nifty closed at 22997 with a gain of 375 points . On the daily chart the index has formed a long Bullish candle forming higher High - Low formation compared to previous session indicates positive bias . The chart pattern suggests that if Nifty crosses and sustains above 23100 level it would witness buying which would lead the index towards 23160 - 23280 levels . Important Supports for the day is around 22900 However if index sustains below 22900 then it may witness profit booking which would take the index towards 22770 - 22630 levels .
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
