Nifty opened with a flat note and witnessed bounce back in initial hours - Jainam Broking Limited
Nifty
Nifty opened with a flat note and witnessed bounce back in initial hours. However selling pressure in second half dragged index lower to close near where it opened.. Nifty closed at 23963 with a gain of 81 points. On the daily chart the index has formed a Bullish candle with a upper shadow indicating selling at higher levels. The chart pattern suggests that if Nifty crosses and sustains above 24135 level it would witness buying which would lead the index towards 24220-24300 levels. Important Supports for the day is around 23920 However if index sustains below 23920 then it may witness profit booking which would take the index towards 23800-23700 levels
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
