Nifty opened with a downward gap but witnessed selling for most part of the session - Jainam Share Consultants
Nifty
Nifty opened with a downward gap but witnessed selling for most part of the session. However last hour pullback action pulled index higher to close on a positive note.. Nifty closed at 25694 with a gain of 51 points. On the daily chart the index has formed a strong Bullish candle carrying long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 25705 level it would witness buying which would lead the index towards 25800-25900 levels. Important Supports for the day is around 25490 However if index sustains below 25490 then it may witness profit booking which would take the index towards 25400-25300 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
