Nifty opened with an upward gap and remained in positive terrain throughout the day - Jainam Share Consultants
Nifty
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 25114 with a gain of 109 points. Onthedaily chart the index has formed a small bullish candle forming higher High-Low formation compare to previous session indicating positivebias.The chart pattern suggests that if Nifty crosses and sustains above 25140 level it would witness buying which would lead the indextowards25200-25250 levels. Important Supports for the day is around 25050 However if index sustains below 25050 then it may witness profit bookingwhich would take the index towards 25000-24900 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
