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 24894with a gain of 58 points. On the daily chart the index has formed a small bullish candle forming higher High-Low formation comparetoprevioussession indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 24900 level it would witness buyingwhichwould lead the index towards 25000-25150 levels. Important Supports for the day is around 24750 However if index sustains below24750thenit may witness profit booking which would take the index towards 24700-24600 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
