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Nifty opened on a positive note and witnessed extreme volatility on either side for most part of the session. However later hour buying momentum pulled index higher to end in green. Nifty closed at 21743 with a gain of 127 points. On the daily chart the index has formed a small Bullish candle carrying long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 21770 level it would witness buying which would lead the index towards 21830-21900 levels. Important Supports for the day is around 21550 However if index sustains below 21550 then it may witness profit booking which would take the index towards 21500-21450 levels

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785