Nifty opened with an upward gap and remained in positive terrain throughout the day - Jainam
Nifty
Nifty opened with an upward gap and remained in positive terrain throughout the day . Nifty closed at 23447 with a gain of 118 points . On the daily chart index has formed a bullish candle however it remained restricted within previous session's High - Low range indicating absence of strength on eitherside . The chart pattern suggests that if Nifty breaks and sustains below 23350 level it would witness selling which would lead the index towards 23280 - 23200 levels . However if index crosses above 23500 level it would witness pullback rally which would take the index towards 23600 - 23750 .

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