Powered by: Motilal Oswal
2025-03-18 10:18:29 am | Source: Jainam Share Consultants
Nifty opened with a downward gap and witnessed buying momentum in initial hours - Jainam Share Consultants
Nifty opened with a downward gap and witnessed buying momentum in initial hours - Jainam Share Consultants

NIFTY TECHNICAL

Nifty opened with a downward gap and witnessed buying momentum in initial hours. However, it has remained lackluster withinnarrowtrading range throughout the session. Nifty closed at 22509 with a gain of 112 points. On the daily chart index has formed a bullishcandlehowever it remained restricted within last week Thursday session's High-Low range indicating absence of strength on eitherside. Thechartpattern suggests that if Nifty crosses and sustains above 22580 level it would witness buying which would lead the index towards 22650-22700levels. Important Supports for the day is around 22370 However if index sustains below 22370 then it may witness profit booking whichwouldtake the index towards 22300-22250 levels.

 

 

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

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