Nifty opened on a positive note and extended buying momentum in the first half - Jainam Share Consultants
![](https://portfolio.investmentguruindia.com/uploads/news/jainam share consultant.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Nifty
Nifty opened on a positive note and extended buying momentum in the first half however selling in the second half led the index lower to close near day's low. Nifty closed at 24011 with a loss of 34 points. On the daily chart the index has formed a Bearish candle with a long upper shadow indicating selling at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 24000 level it would witness selling which would lead the index towards 23900-23800 levels. However if index crosses above 24200 level it would witness pullback rally which would take the index towards 24300-24500.
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
![](https://portfolio.investmentguruindia.com/uploads/news/employment16.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Harry Bajaj-mobec.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/african22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/nirmalagdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/GDP117117.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/nirmalaS22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/GV_Sports.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/niramala22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/LTIMindtree Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/pumps motor.jpg)
Top News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/03/76e882d57ec5dc81630d53a597b20774.jpg)
India can become number one automobile manufacturer by using lithium reserve in J&K: Nitin G...
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Shrey Jain.jpg)
Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
![Nifty closed below its 5-day moving average support line for the first time in the last 30 trading sessions - Tradebulls Securities Pvt Ltd](https://portfolio.investmentguruindia.com/uploads/news/Tradebull Securities.jpg)
![Banking index performed in line with the benchmark index as it closed with 0.67% cut at 52265 level - Monarch Networth Capital Ltd](https://portfolio.investmentguruindia.com/uploads/news/Monarch networth.jpg)
![Bank Nifty started the week on a flat note and remained in a narrow range (52800-52100) throughout the week - Axis Securities Ltd](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
Index started week with a gap down on Monday and declined for three sessions before Fridays ...
![Nifty opened with an upward gap and remained in positive terrain throughout the day - Jainam Share Consultants](https://portfolio.investmentguruindia.com/uploads/news/jainam share consultant.jpg)
![Daily Market Commentary : Nifty continued its upward trajectory, making new high of 23889 for the 2nd consecutive day and gradually inching upwards to 24k mark Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/uploads/news/Broker_5.jpg)
![The IT major signed a new 15-year contract with Aviva Plc - ARETE Securities](https://portfolio.investmentguruindia.com/uploads/news/arete securities.jpg)