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 26186with a gain of 153 points. On the daily chart the index has formed a long Bullish candle forming higher High-Low formationcomparedtoprevious session indicates positive bias. The chart pattern suggests that if Nifty crosses and sustains above 26205 level it would witnessbuyingwhich would lead the index towards 26300-26400 levels. Important Supports for the day is around 26080 However if index sustainsbelow26080 then it may witness profit booking which would take the index towards 26000-25900 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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