Powered by: Motilal Oswal
09-10-2024 09:47 AM | Source: Jainam Share Consultants
Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day`s high - Jainam Share Consultants

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Nifty

Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high. Nifty closedat 25797with a loss of 14 points. On the daily chart index has formed a bearish 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 below24750 level it wouldwitness selling which would lead the index towards 24700-24600 levels. However if index crosses above 25050 level it would witness pullbackrally which would take the index towards 25100-25250.

 

 

Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer