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Nifty opened with a downward gap but remained in a small range throughout the day - Jainam Share Consultants
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Nifty
Nifty opened with a downward gap but remained in a small range throughout the day. Nifty closed at 21731 with a loss of 47 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 21800 level it would witness buying which would lead the index towards 21900-22000 levels. Important Supports for the day is around 21670 However if index sustains below 21670 then it may witness profit booking which would take the index towards 21600-21500 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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Quote on Markets by Mr. Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher
