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 20103 with a gain of 33 points. On the daily chart the index has formed a small Bearish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty breaks and sustains below 20040 level it would witness selling which would lead the index towards 19950-19900 levels. However if index crosses above 20170 level it would witness pullback rally which would take the index towards 20150-20200.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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