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Nifty

Nifty opened with an upward gap and r em a i n e d i n p o siti v e t e rr a i n throughout the day. Nifty closed at 19654 with a gain of 108 points. On the daily chart the index has formed a small bullish candle forming higher High-Low formation compare to previous session indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 19680 level it would witness buying which would lead the index towards 19750- 19800 levels. Important Supports for the day is around 19600 However if index sustains below 19600 then it may witness profit booking which would take the index towards 19500- 19400 levels.

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