Nifty opened with an upward gap and remained in positive terra in throughout the day - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and remained in positive terra in throughout the day. Nifty closed at 22218 with a gain of 114 points. On the daily chart the index has formed a long Bullish candle forming higher High- Low formation indi cating positive bias. The chart pattern suggests that if Nifty breaks and sustains below 22050 level it would witness selling which would lead the index towards 22000-21900 levels. However if index crosses above 22300 level it would witness pullback rally which would take the index towards 22350-22400.
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