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 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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