Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day`s - Jainam Share Consultants
Nifty
Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high. Nifty closedat 24596with a gain of 22 points. On the daily chart the index has formed a strong Bullish candle carrying long lower shadow indicating buyingsupportatlower levels. The chart pattern suggests that if Nifty breaks and sustains below 24530 level it would witness selling which wouldleadtheindextowards 24480-24400 levels. However, if index crosses above 24635 level it would witness pullback rally which would take the indextowards24700-24760.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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