IGI Logo

Nifty

Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 22821 with a gain of 201 points. On the daily chart the index has formed a "Doji" candlestick formation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 22900 level it would witness buying which would lead the index towards 23000-23200 levels. Important Supports for the day is around 22650 However if index sustains below 22650 then it may witness profit booking which would take the index towards 22600-22500 levels.

Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785