Nifty opened with a gap down but strong buying at lower levels lifted it to close near the day - Jainam Share Consultants
NIFTY
Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high. Nifty closed at 25566
with a gain of 111 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 25650 level it would witness buying which would lead the index towards 25750-
25850 levels. Important Supports for the day is around 25370 However if index sustains below 25370 then it may witness profit booking which
would take the index towards 25300-25250 levels
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
Tag News
Quote on Morning Outlook from Aakash Shah, Technical Research Analyst at Choice Equity Broki...
