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 25112 with a gain of 319 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 25150 level it would witness buying which would lead the indextowards25200-25250 levels. Important Supports for the day is around 25000 However if index sustains below 25000 then it may witness profit bookingwhich would take the index towards 24950-24900 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785









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