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 24335 with a gain of 116 points. On the daily chart index has formed a bullish candle and has closed above its past 3 session's consolidation range representing positive bias ahead. The chart pattern suggests that if Nifty crosses and sustains above 24335 level it would witness buying which would lead the index towards 24400-24500 levels. Important Supports for the day is around 24115 However if index sustains below 24115 then it may witness profit booking which would take the index towards 24050-24000 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
