Nifty opened on a positive note and traded with extreme volatility on either side to end on a flat note - Jainam
Nifty
Nifty opened on a positive note and traded with extreme volatility on either side to end on a flat note . Nifty closed at 22688 with a loss of 124 points . On the daily chart the index has formed a "Doji " candlestick formation indicating indecisiveness amongst market participants regarding the direction . The chart pattern suggests that if Nifty crosses and sustains above 22800 level it would witness buying which would lead the index towards 22900 - 23000 levels . Important Supports for the day is around 22550 However if index sustains below 22550 then it may witness profit booking which would take the index towards 22500 - 22400 levels .
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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