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 25078 with a gain of 183 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 25100 level it would witness buying which would lead the indextowards25200-25250 levels. Important Supports for the day is around 24880 However if index sustains below 24880 then it may witness profit bookingwhich would take the index towards 24800-24700 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785










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