Nifty opened with a positive note and witnessed buying momentum in the first half - Jainam Broking Limited
Nifty
Nifty opened with a positive note and witnessed buying momentum in the first half. However selling in the second half led the index lower to close near day's low. Nifty closed at 24056 with a gain of 34 points. On the daily chart the index has formed a Bearish candle with a long upper shadow indicating selling at higher levels. The chart pattern suggests that if Nifty crosses and sustains above 24270 level it would witness buying which would lead the index towards 24400-24500 levels. Important Supports for the day is around 24000 However if index sustains below 24000 then it may witness profit booking which would take the index towards 23900- 23800 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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