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Nifty opened on a positive note and traded with extreme volatility on either side and closed in a negative territory - Jainam Share Consultants
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Nifty
Nifty opened on a positive note and traded with extreme volatility on either side and closed in a negative territory. Nifty closed at 23516 with a loss of 42 points. On the daily chart the index has formed a small Bearish candle with lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 23600 level it would witness buying which would lead the index towards 23650-23700 levels. Important Supports for the day is around 23400 However if index sustains below 23400 then it may witness profit booking which would take the index towards 23300-23200 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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Quote on?Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities
