Nifty opened on a positive note and extended buying momentum in the first half

2024-02-05 09:28:17 am | Source: Jainam Share Consultants

Nifty opened on a positive note and extended buying momentum in the first half - Jainam Share Consultant

News By Tags | #Sensex #MarketOutlook #Nifty #BankNifty #JainamShareConsultants

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 21854 with a gain of 156 points. On the daily chart the index has formed a small Bullish candle with upper shadow indicating selling pressure as well as resistance at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 21800 level it would witness selling which would lead the index towards 21650-21500 levels. However if index crosses above 22000 level it would witness pullback rally which would take the index towards 22100-22150.

Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785

To Read The Complete Report & Disclaimer - Click Here

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Nifty opened on a positive note and extended buying momentum in the first half - Jainam Share Consultant

Top News

Tag News

More News