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

24-12-2024 09:55 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

Nifty opened with an upward gap and remained in positive terrain throughout the day. Nifty closed at 23753 with a gain of 166 points. On the daily chart the index has formed a small Bullish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty breaks and sustains below 23640 level it would witness selling which would lead the index towards 23600-23500 levels. However, if index crosses above 23870 level it would witness pullback rally which would take the index towards 23950-24000

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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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