Nifty opened with a flat note and witnessed consolidation for most part of the session - Jainam Share Consultants
Nifty
Nifty opened with a flat note and witnessed consolidation for most part of the session. However last hour pullback action pulled indexhighertoclose near the day's high. Nifty closed at 23437 with a gain of 109 points. On the daily chart index has formed a small bullish candlecarryinglower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 23550level it wouldwitness buying which would lead the index towards 23600-23700 levels. Important Supports for the day is around 23200 However if indexsustains below 23200 then it may witness profit booking which would take the index towards 23100-23000 levels.
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
