Nifty opened with an upward gap and remained in positive terrain throughout the day - Jainam Broking Ltd
Nifty
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 23623 with a gain of 461 points. On the daily chart the index has formed a long 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 23650 level it would witness buying which would lead the index towards 23720-23800 levels. Important Supports for the day is around 23500 However if index sustains below 23500 then it may witness profit booking which would take the index towards 23450-23400 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
