Nifty opened with an upward gap and remained in positive terra in throughout the day

02-03-2024 09:41 AM | Source: Jainam Share Consultants

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 22339 with a gain of 356 points. On the daily chart index has formed a sizable bullish candle forming higher High-Low compare to previous session and ha s c losed at a l l time hi gh indicating positive bias. The chart pattern suggests that if Nifty breaks and sustains below 22200 level it would witness selling which would lead the index towards 22100-22050 levels. However if index crosses above 22350 level it would witness pullback rally which would take the index towards 22400-22500.

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Nifty opened with an upward gap and remained in positive terra in throughout the day - Jainam Share Consultants

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