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 TECHNICAL VIEW
Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high. Nifty closedat 24717with a loss of 34 points. On the daily chart index has formed a small bullish candle carrying lower shadow indicating buying support atlowerlevels. The chart pattern suggests that if Nifty crosses and sustains above 24750 level it would witness buying which would leadtheindextowards 24800-25000 levels. Important Supports for the day is around 24500. However, if index sustains below 24500 then it maywitnessprofit booking which would take the index towards 24400-24300 levels
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
