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 22502 with a gain of 36 points. On the daily chart index has formed a sma l l b e a ris h c a n d l e representing resistance at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 22340 level it would witness selling which would lead the index towards 22300-22200 levels. However if index crosses above 22500 level it would witness pullback rally which would take the index towards 22600-22700
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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Quote on Market Morning Inputs by Shrikant Chouhan, Head Equity Research, Kotak Securities
