Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day - Jainam Share Consultants

Nifty
Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 24979withagainof111 points. On the daily chart the index has formed a small Bearish candle with shadows on either side indicating indecisiveness amongstparticipants regarding the direction. The chart pattern suggests that if Nifty breaks and sustains below 24900 level it would witnesssellingwhich would lead the index towards 24850-24750 levels. However, if index crosses above 25000 level it would witness pullbackrallywhichwould take the index towards 25050-25150
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