Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day`s high - 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 closed at 22907with a loss of 26 points. On the daily chart index has formed a bullish candle however it remained restricted within previous session's High-Lowrange indicating absence of strength on either side. The chart pattern suggests that if Nifty breaks and sustains below 22800 level it would witness selling which would lead the index towards 22600-22700 levels. However, if index crosses above 22950 level it would witness pullback rally which would take the index towards 23150-23250.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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