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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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Nifty
Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 25797withalossof14 points. On the daily chart the index has formed a small Bullish candle forming higher High-Low formation indicating positive bias. Thechartpattern suggests that if Nifty breaks and sustains below 25000 level it would witness selling which would lead the index towards 24900-24800levels. However if index crosses above 25150 level it would witness pullback rally which would take the index towards 25200-25300
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