Nifty opened with a huge gap up and continued its last week buying momentum led it to close on a positive note

2025-05-13 09:55:53 am | Source: Jainam Share Consultants

Nifty opened with a huge gap up and continued its last week buying momentum led it to close on a positive note - Jainam Share Consultants

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Nifty

Nifty opened with a huge gap up and continued its last week buying momentum led it to close on a positive note . Nifty closed at 24921withagain of 913 points. On the daily chart the index has formed a long Bullish candle forming higher High-Low formation indicating positivebiasThechart pattern suggests that if Nifty breaks and sustains below 24380 level it would witness selling which would lead the index towards24250-24150 levels. However, if index crosses above 25000 level it would witness pullback rally which would take the index towards 25050-25250.

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Nifty opened with a huge gap up and continued its last week buying momentum led it to close on a positive note - Jainam Share Consultants

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