Nifty opened with an upward gap and remained in positive terrain throughout the day

2025-05-26 09:22:08 am | Source: Jainam Share Consultants

Nifty opened with an upward gap and remained in positive terrain throughout the day - Jainam Share Consultants

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NIFTY TECHNICAL VIEW

Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 24853 with a gain of 243 points. Onthedaily chart the index has formed a long Bullish candle forming higher High-Low formation compared to previous session indicatespositivebiasThe chart pattern suggests that if Nifty crosses and sustains above 24900 level it would witness buying which would lead the indextowards25000-25100 levels. Important Supports for the day is around 24750 However if index sustains below 24750 then it may witness profit bookingwhich would take the index towards 24700-24600 levels.

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Nifty opened with an upward gap and remained in positive terrain throughout the day - Jainam Share Consultants

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