Nifty opened with an downward gap but witnessed buying from the opening tick to end positive - Jainam Share Consultants
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Nifty
Nifty opened with an downward gap but witnessed buying from the opening tick to end positive. Nifty closed at 21462.25 with a loss of 109.70 points. On the daily chart the index has formed a Bullish candle with a long lower shadow indicating buying at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 21550 level it would witness buying which would lead the index towards 21900-22000 levels. Important Supports for the day is around 21300 However if index sustains below 21300 then it may witness profit booking which would take the index towards 21200-21000 levels.
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