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 25103withagainof100 points. On the daily chart index has formed a small bearish candle representing resistance at higher levels. The chart pattern suggeststhatifNifty crosses and sustains above 25160 level it would witness buying which would lead the index towards 25250-25300 levels. ImportantSupports for the day is around 25050 However if index sustains below 25050 then it may witness profit booking which wouldtaketheindextowards 24900-24800 levels.
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