Nifty opened with an upward gap and remained in positive terrain throughout the day - Jainam Share Consultants
NIFTY TECHNICAL VIEW
Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 24947 with a gain of 228 points. Onthedaily chart the index has formed a long Bullish candle forming higher High-Low formation compared to previous session indicates positivebias.The chart pattern suggests that if Nifty crosses and sustains above 25000 level it would witness buying which would lead the indextowards25080-25200 levels. Important Supports for the day is around 24700 However if index sustains below 24700 then it may witness profit bookingwhich would take the index towards 24600-24500 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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