Nifty opened with a positive note and remained lackluster within narrow trading range throughout the day - Jainam Share Consultants
Nifty
Nifty opened with a positive note and remained lackluster within narrow trading range throughout the day. Nifty closed at 25935 with a gain of
68 points. On the daily chart the index has formed a Doji candlestick formation indicating indecisiveness amongst market participants regarding
the direction. The chart pattern suggests that if Nifty crosses and sustains above 25990 level it would witness buying which would lead the index
towards 26100-26150 levels. Important Supports for the day is around 25870 However if index sustains below 25870 then it may witness profit
booking which would take the index towards 25780-25700 levels
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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