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 23213 with a gain of 37 points. Onthedaily chart the index has formed a small Bearish candle with shadows on either side indicating indecisiveness amongst participants regardingthe direction. The chart pattern suggests that if Nifty crosses and sustains above 23300 level it would witness buying which wouldleadtheindextowards 23350-23400 levels. Important Supports for the day is around 23150 However if index sustains below 23150 then it may witnessprofitbooking which would take the index towards 23000-22900 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
