Nifty opened with a huge downward gap but witnessed buying from the opening tick to end near the day`s high - Jainam
Nifty
Nifty opened with a huge downward gap but witnessed buying from the opening tick to end near the day's high. Nifty closed at 23398 with a loss of 80 points. On the daily chart index has formed a bullish candle however it has continue to form lower High-Low compare to previous session indicating negative sign. The chart pattern suggests that if Nifty crosses and sustains above 23450 level it would witness buying which would lead the index towards 23500-23590 levels. Important Supports for the day is around 23230 However if index sustains below 23230 then it may witness profit booking which would take the index towards 23150-23000 levels
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
