IGI Logo

Nifty

Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high. Nifty closed at 21255 with a gain of 105 points. On the daily chart index has formed a bullish candle however it has continue to form lower High-Low compare to previous session indicating negative sign. The chart pattern suggests that if Nifty crosses and sustains above 21300 level it would witness buying which would lead the index towards 21400- 21500 levels. Important Supports for the day is around 21050 However if index sustains below 21050 then it may witness profit booking which would take the index towards 21000-20900 levels.

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