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 closedat 25227with a loss of 58 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 eitherside. The chart pattern suggests that if Nifty breaks and sustains below25150 level it wouldwitness selling which would lead the index towards 25050-25000 levels. However, if index crosses above 25270 level it would witnesspullbackrally which would take the index towards 25350-25400
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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