Nifty opened with a positive note and witnessed buying momentum in the first half - Jainam Broking Ltd
Nifty
Nifty opened with a positive note and witnessed buying momentum in the first half. However, in the second half the index continuetotradeina small range.. Nifty closed at 23306 with a gain of 394 points. On the daily chart the index has formed a Bullish candle with a upper shadowindicating selling at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 23220 level it would witness sellingwhichwould lead the index towards 23150-23000 levels. However, if index crosses above 23465 level it would witness pullback rally whichwouldtakethe index towards 23550-23700.
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