Nifty opened with an upward gap and remained in positive terrain throughout the day - Jainam Broking Limited
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 24176 with a gain of 170 points. On the daily chart the index has formed a Bullish candle forming higher High-Low formation compared to previous session indicates positive bias. The chart pattern suggests that if Nifty crosses and sustains above 24200 level it would witness buying which would lead the index towards 24250-24300 levels. Important Supports for the day is around 24050 However if index sustains below 24050 then it may witness profit booking which would take the index towards 23970-23900 levels.
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