Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day`s high - Jainam Share Consultants
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Nifty
Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high. Nifty closedat 26027with a loss of 20 points. On the daily chart the index has formed a small Bullish candle with shadows on either side indicating indecisivenessamongst participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 26050 level it wouldwitnessbuying which would lead the index towards 26200-26300 levels. Important Supports for the day is around 25900 However if indexsustainsbelow 25900 then it may witness profit booking which would take the index towards 25850-25800 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
