Nifty opened with an upward gap and remained in positive terrain throughout the day - Jainam Broking Ltd
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 24231 with a gain of 389 points. On the daily chart the index has formed a small Bullish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 24280 level it would witness buying which would lead the index towards 24400-24500 levels. Important Supports for the day is around 24200 However if index sustains below 24200 then it may witness profit booking which would take the index towards 24150-24000 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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