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

Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 25220 with a gain of 159 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 breaks and sustains below 25200 level it would witness selling which would lead the indextowards25080-25000 levels. However, if index crosses above 25250 level it would witness pullback rally which would take the index towards25300-25400
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785









