Nifty opened with a flat note but witnessed selling in the initial half of the session - Jainam
Nifty
Nifty opened with a flat note but witnessed selling in the initial half of the session. However in the second half, buying momentum pulled index higher to close near day's high.. Nifty closed at 24436 with a loss of 36 points. On the daily chart the index has formed a Bearish candle with long lower shadow indicating buying support at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 24480 level it would witness buying which would lead the index towards 24600-24700 levels. Important Supports for the day is around 24260 However if index sustains below 24260 then it may witness profit booking which would take the index towards 24200-24100 levels.
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
