IGI Logo

Nifty

Nifty opened with a downward gap but remained in a small range throughout the day. Nifty closed at 22399 with a loss of 137 points. Onthedaily chart Nifty has formed a small bearish candle and remained restricted within previous session's High-Low range indicatingabsenceofdirection on eitehrside. The chart pattern suggests that if Nifty crosses and sustains above 22470 level it would witness buying whichwouldleadthe index towards 22600-22700 levels. Important Supports for the day is around 22350 However if index sustains below22350thenitmaywitness profit booking which would take the index towards 22300-22200 levels.

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