Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day

2024-05-21 10:38:33 am | Source: Jainam Share Consultants

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 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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Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day - Jainam Share Consultants

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