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

2025-01-24 10:18:46 am | Source: Jainam Share Consultants

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

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Nifty

Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 23205withagainof50 points. On the daily chart the index has formed a small Bullish candle with shadows on either side indicating indecisiveness amongstparticipants regarding the direction. The chart pattern suggests that if Nifty breaks and sustains below 23090 level it would witnesssellingwhich would lead the index towards 23000-22990 levels. However if index crosses above 23270 level it would witness pullbackrallywhichwould take the index towards 23350-23430

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

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