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 24250 with a gain of 265 points. On the daily chart the index has formed a long Bullish candle forming higher High-Low formation compared to previous session indicates positive bias. The chart pattern suggests that if Nifty breaks and sustains below 24130 level it would witness selling which would lead the index towards 24000-23900 levels. However if index crosses above 24280 level it would witness pullback rally which would take the index towards 24350-24500.

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