Nifty opened on a positive note and traded with extreme volatility on either side to end on a flat note

2024-12-06 09:31:07 am | Source: Jainam Share Consultants

Nifty opened on a positive note and traded with extreme volatility on either side to end on a flat note - Jainam Share Consultants

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Nifty

Nifty opened on a positive note and traded with extreme volatility on either side to end on a flat note. Nifty closed at 24708 with again of 241points. On the daily chart the index has formed a Bullish candle carrying eitherside shAdows indicating extreme volatility. The chart pattern suggests that if Nifty crosses and sustains above 24750 level it would witness buying which would lead the index towards 24800-24850 levels.Important Supports for the day is around 24600 However if index sustains below 24600 then it may witness profit booking which would take the index towards 24540-24470 levels.

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Nifty opened on a positive note and traded with extreme volatility on either side to end on a flat note - Jainam Share Consultants

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