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 26047 with a gain of 148 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 26060 level it would witness buying which would lead the indextowards26200-26300 levels. Important Supports for the day is around 25930 However if index sustains below 25930 then it may witness profit bookingwhich would take the index towards 25850-25800 levels.

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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