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Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 25196 with a gain of 114 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 25250 level it would witness buying which would lead the index towards 25300 25350 levels. Important Supports for the day is around 25080 However if index sustains below 25080 then it may witness profit booking which would take the index towards 25000-24900 levels.

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