Nifty opened with an flat note and witnessed consolidation for most part of the session - Jainam Share Consultants
Nifty
Nifty opened with an flat note and witnessed consolidation for most part of the session. However last hour pullback action pulled index higher
to close near the day's high.. Nifty closed at 25523 with a gain of 61 points. On the daily chart the index has formed a small bullish candle
forming higher High-Low formation compare to previous session indicating positive bias. The chart pattern suggests that if Nifty crosses and
sustains above 25550 level it would witness buying which would lead the index towards 25600-25680 levels. Important Supports for the day is
around 25425 However if index sustains below 25425 then it may witness profit booking which would take the index towards 25350-25300
levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
